Health Care for Us All
Getting More for Our Investment
By: Earl L. Grinols, James W. Henderson
Hardcover | 8 June 2009
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304 Pages
22.86 x 15.24 x 2.06
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Industry Reviews
'Grinols and Henderson have produced a complete package for understanding and solving the complex issues in health care markets, with a bonus of a really well-written and easily readable economics primer. Even if your interest is not health care, you will enjoy their witty but relevant discussion of how markets work. If health care is your interest, they present a provocative plan to solve the problem of providing universal access while at the same time allowing market forces to give both providers and users the incentives necessary to control costs. This book should be on the must-read list for anyone seriously interested in health care reform.' Thomas R. Saving, Texas A & M University
'Professors Grinols and Henderson make an important contribution to the health policy debate at a time when the nation is highly focused on this issue. In particular, their sound analysis of the problems we face and their clear explanation of underlying economic principles can guide policy makers in assessing the potential impact of major changes they may propose to the one-sixth of the economy represented by our health sector.' Grace-Marie Turner, President, Galen Institute
'Health Care for Us All is first-rate analysis of our healthcare problems. Professors Earl Grinols and James Henderson, two scholars at Baylor University, demonstrate that there are solutions to the nation's problems that contain none of the undesirable side effects that would be seen in the enactment of currently proposed health care reforms for the United States or the failed socialized systems of some other industrialized nations. Applying basic economic principles, they present their 'Targeted Intervention Plan,' which is readily comprehensible, makes sense to the ordinary person, but most of all provides a compassionate delivery of health care services.' Walter E. Williams, George Mason University
List of Tables | p. x |
List of Figures | p. xi |
Preface | p. xiii |
Acknowledgments | p. xix |
Executive Summary of the Targeted Intervention Plan | p. xxi |
Goals and Working Principles | |
Introduction | p. 3 |
Goals | p. 17 |
Goal 1: Universal Coverage | p. 19 |
Goal 2: Patient-Centered Coverage | p. 21 |
Goal 3: Respect for Incentives for High-Quality Care | p. 21 |
Goal 4: Cost Containment | p. 24 |
Goal 5: Sustainability | p. 24 |
Principles | p. 26 |
Principle 1: The Intervention Principle | p. 27 |
Principle 2: Incentive Symmetry | p. 29 |
Principle 3: Every Pot Sits on Its Own Base | p. 31 |
Principle 4: No Polittroughing | p. 36 |
Principle 5: No Governmentalizing | p. 41 |
Principle 6: No Ponzi Schemes | p. 44 |
Background Economics and Ethics | |
Markets, VPO's Government | p. 49 |
Voluntary Private Organizations | p. 51 |
Markets | p. 53 |
Government | p. 60 |
Implications for Efficient Intervention in Health | p. 67 |
Education, Charity, and the American Ethical Base | p. 69 |
Lessons from Education | p. 71 |
The American Ethical Base | p. 78 |
Summary on Public Provision of Private Goods and Charity | p. 87 |
Application | |
Why Government in Health Care? | p. 91 |
Efficient Collective Action: Reprise | p. 92 |
Public Provision of Private Goods Cautions | p. 99 |
Is Health Care Different? | p. 105 |
Conclusion | p. 107 |
Insurance | p. 109 |
What's Wrong with This Tale? | p. 109 |
Essential Insurance | p. 111 |
Summary and Evaluative Discussion | p. 126 |
The Targeted Intervention Plan | p. 130 |
The Plan | p. 131 |
Enabling Compassion | p. 148 |
Financing the Targeted Intervention Plan | p. 149 |
Transition Issues | p. 151 |
Mandates versus Incentives versus Leaving Some Uninsured | p. 154 |
Answers to Questions | p. 156 |
How the System Works: A Parable | p. 159 |
Conclusions | p. 161 |
Protective Measures | |
Forestalling Free Riders | p. 167 |
Background | p. 167 |
Massachusetts: Leveling the Playing Field | p. 168 |
Switzerland: Individual Responsibility in a Federalist Framework | p. 173 |
Lessons from Massachusetts and Switzerland | p. 176 |
Preserving Prices | p. 178 |
Background | p. 178 |
Pricing | p. 179 |
Restraining Prices in Theory | p. 185 |
Rationalization Suggestions | p. 189 |
Conclusions | p. 191 |
Inducing Innovation | p. 193 |
Introduction | p. 193 |
Policies toward Research and Development (R&D) | p. 195 |
The Intertemporal Bounty | p. 199 |
Conclusion | p. 205 |
Summary | p. 206 |
Top Ten Goals for the American Health Care System | p. 215 |
Badly Done Insurance Programs Can be Worse Than No Insurance | p. 225 |
Incentive Symmetry and Intervention Principle | p. 231 |
Notation | p. 232 |
Incentive Symmetry | p. 233 |
Intervention Principle | p. 234 |
Plan Workability | p. 237 |
Data | p. 237 |
Assessing the Targeted Intervention Plan | p. 238 |
Recommendations | p. 242 |
Summary and Evaluative Discussion | p. 243 |
Market Power Response to Insurance | p. 245 |
Glossary and Definitions | p. 247 |
References | p. 253 |
Index | p. 267 |
Table of Contents provided by Ingram. All Rights Reserved. |
ISBN: 9780521445665
ISBN-10: 0521445663
Published: 8th June 2009
Format: Hardcover
Language: English
Number of Pages: 304
Audience: Professional and Scholarly
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.86 x 15.24 x 2.06
Weight (kg): 0.52
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