Machine generated contents note: Foreword -- by Uwe E. Reinhardt -- Acknowledgments -- Preface to the Second Edition --1 Introduction -- 1.1 Why Should the Economics of Health Be Reconsidered? -- 1.2 Purpose of the Book -- 1.3 Outline of the Book -- 2 Market Competition -- 2.1 The Traditional...

"The fifth edition of The Economics of Health Reconsidered continues to challenge the reliance on market forces to address health policy issues, and it argues instead for the value of government intervention. By critically examining economic theory as applied to the healthcare sector, the...

People often make decisions in health care that are not in their best interest, ranging from failing to enroll in health insurance to which they are entitled, to engaging in extremely harmful behaviors. Traditional economic theory provides a limited tool kit for improving behavior because it...