An accidental healthcare system -- Paging doctor Welby -- Therapy for an ailing health economy -- The managed care prescription -- Self-help -- The quality revolution -- Mending the safety net -- Reviving the American healthcare system

The U.S. healthcare system is in critical condition--but this should come as a surprise to no one. Yet until now the solutions proposed have been unworkable, pie-in-the-sky plans that have had little chance of becoming law and even less of succeeding. In Code Red, David Dranove, one of the...

Government agencies employ a variety of mechanisms for securing goods and services from the private sector. These include posting prices, reimbursing for costs, and soliciting competitive bids. Procurement of healthcare services offers several unique challenges. The supplier can influence the...

Economists have devoted considerable attention to the question of whether market transactions, contracts, and/or regulation can generate efficient outcomes. The chapter presents a discussion on efficient outcomes for health care services markets. The chapter begins with an analysis of whether...