PMID: 9159710Apr 1, 1997Paper

Can markets give us the health system we want?

Journal of Health Politics, Policy and Law
T Rice

Abstract

The purpose of this article is to reconsider the foundations of health economics as applied to the study of competition. It shows that conclusions concerning the purported desirability of competitive markets are based on a number of assumptions--many of which have heretofore been ignored--that typically are not fulfilled in the health care area. Once this is recognized market mechanisms no longer necessarily provide the best way to improve social welfare. The article is divided into two parts: competition and demand. Each of these sections presents and then critiques key assumptions of the conventional economic model, and then provides a number of health applications. It concludes that by not considering the validity of these assumptions in health care applications, researchers and policy analysts will bind themselves to policy options that may be most effective in improving social welfare.

Citations

Apr 6, 1999·Medical Care Research and Review : MCRR·U E Reinhardt
Jan 22, 2000·Radiology·A R Margulis, J H Sunshine
Sep 2, 2010·Tidsskrift for den Norske lægeforening : tidsskrift for praktisk medicin, ny række·Jon Magnussen
Feb 10, 2018·Sociology of Health & Illness·Meredith Van NattaJanet K Shim
Feb 24, 2001·Journal of Health & Social Policy·P V Rosenau
Jul 14, 2000·Medicine, Conflict, and Survival·M Koivusalo, M Rowson
Jun 26, 2007·International Journal of Health Care Quality Assurance·Randolph K Quaye
May 10, 2005·Journal of the American Geriatrics Society·David A DorrRandall J Smout
Feb 27, 2003·American Journal of Public Health·Simon Szreter
Aug 5, 1999·The New England Journal of Medicine·S Woolhandler, D U Himmelstein
Jun 1, 2016·Aging & Mental Health·Mark E KunikNancy L Wilson
Mar 19, 1999·Health Economics·W B Brouwer, F T Schut
Jan 12, 2005·Medical Care Research and Review : MCRR·Thomas C BuchmuellerJames G Kahn
Jun 4, 1999·Medical Care Research and Review : MCRR·A B Bernstein, A K Gauthier
Jun 4, 1999·Medical Care Research and Review : MCRR·D W Light

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