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White-Paper: healthcare_economics
From the Public Health Management and Policy Department
By Ben Hagopian
By Matt Wilson
To understand health economics, it is first critical to understand the basics of economics; or the “dismal-science.”
At its most basic level economics can be defined as the study of choices, made by individuals or groups, when resources are limited. The concept is better known as “scarcity” and is the backbone of all economic thinking.
This white-paper on healthcare economics is a basic dissertation by two Master’s of Public Health [MPH] students from Case-Western Reserve University.
Although theoretical in nature, it is a good review of fundamental principles with recent domestic policy changes; complete with illustrative figures.
The one disappointment was its failure to mention or reference, Kenneth J. Arrow PhD – the youngest Nobel Prize winning economist – of 1972. For more than fifty years he has been one of the most listened to of all practicing economists and is arguably known as the father of “health economics.”
And, for a more pragmatic approach to augment this primer – with real world case models – the listed resources are suggested.
Nevertheless, all readers and ‘”Executive-Post” subscribers are encouraged to review this understandable treatise. It will be well worth your time.
Hope Rachel Hetico; RN, MHA, Certified Medical Planner™
iMBA, Inc – Atlanta, Georgia USA
www.MedicalBusinessAdvisors.com
More: http://www.springerpub.com/prod.aspx?prod_id=23759
Individual: http://www.jbpub.com/catalog/0763745790/
Risk Management: www.jbpub.com/catalog/9780763733421/
Institutional: www.HealthcareFinancials.com
Terms: www.HealthDictionarySeries.com
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Filed under: Health Economics | Tagged: Health Economics |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
More on … Kenneth Joseph Arrow; PhD
In 1972, Nobel Laureate Kenneth J. Arrow, PhD shocked Academe’ by identifying health economics as a separate and distinct field.
Yet, the seemingly disparate insurance, asset allocation, econometric, statistical and portfolio management principles that he studied have been transparent to most financial professionals and wealth management advisors for years.
Nevertheless, to informed cognoscenti, they served as predecessors to the modern healthcare advisory era.
In 2004, Arrow was selected as one of eight recipients of the National Medal of Science for his innovative views.
-Ann
http://certifiedmedicalplanner.com/AboutCMP.aspx
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The Economics of CT Scans
Did you know that some insurance companies are taking a harder look at advanced medical scans like CT scans, citing spiraling costs and safety concerns?
And some doctors agree there’s emerging evidence that these scans are being over-prescribed.
More info: http://www.msnbc.msn.com/id/23745722
Your thoughts, experiences and comments on this report are appreciated.
-Ann
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