In this ebook titled The Economics of US Health Care Policy (PDF), authors Phelps and Parente explore the US health care system and set out the case for its reform. They trace the foundations of today’s system and show how distortions in the incentives facing participants in the health care market could be corrected in order to achieve lower costs, a higher level of patient safety, a higher quality of care, and a more efficient allocation of health care resources.
Phelps and Parente propose novel yet economically robust changes to US tax law affecting health insurance coverage and related issues. They also discuss a series of specific improvements to Medicaid and Medicare and assess potential innovations that affect all of the health care, including chronic disease management, information technology, fraud, and abuse detection, and other key issues.
The Economics of US Health Care Policy will be illuminating reading for anyone with an interest in health policy and will be a valuable supplementary textbook for courses in health policy and health economics, including for college students without advanced training in economics.