Ebook600 pages14 hours
Medical Care Output and Productivity
By David M. Cutler and Ernst R. Berndt
Rating: 0 out of 5 stars
()
About this ebook
With the United States and other developed nations spending as much as 14 percent of their GDP on medical care, economists and policy analysts are asking what these countries are getting in return. Yet it remains frustrating and difficult to measure the productivity of the medical care service industries.
This volume takes aim at that problem, while taking stock of where we are in our attempts to solve it. Much of this analysis focuses on the capacity to measure the value of technological change and other health care innovations. A key finding suggests that growth in health care spending has coincided with an increase in products and services that together reduce mortality rates and promote additional health gains. Concerns over the apparent increase in unit prices of medical care may thus understate positive impacts on consumer welfare. When appropriately adjusted for such quality improvements, health care prices may actually have fallen. Provocative and compelling, this volume not only clarifies one of the more nebulous issues in health care analysis, but in so doing addresses an area of pressing public policy concern.
This volume takes aim at that problem, while taking stock of where we are in our attempts to solve it. Much of this analysis focuses on the capacity to measure the value of technological change and other health care innovations. A key finding suggests that growth in health care spending has coincided with an increase in products and services that together reduce mortality rates and promote additional health gains. Concerns over the apparent increase in unit prices of medical care may thus understate positive impacts on consumer welfare. When appropriately adjusted for such quality improvements, health care prices may actually have fallen. Provocative and compelling, this volume not only clarifies one of the more nebulous issues in health care analysis, but in so doing addresses an area of pressing public policy concern.
Related to Medical Care Output and Productivity
Titles in the series (30)
The Measurement of Capital Rating: 3 out of 5 stars3/5The Measurement of Labor Cost Rating: 5 out of 5 stars5/5Modeling the Distribution and Intergenerational Transmission of Wealth Rating: 0 out of 5 stars0 ratingsThe U.S. National Income and Product Accounts: Selected Topics Rating: 0 out of 5 stars0 ratingsLong-Term Factors in American Economic Growth Rating: 5 out of 5 stars5/5Horizontal Equity, Uncertainty, and Economic Well-being Rating: 0 out of 5 stars0 ratingsPrice Measurements and Their Uses Rating: 0 out of 5 stars0 ratingsEconomic Transfers in the United States Rating: 0 out of 5 stars0 ratingsOutput Measurement in the Service Sectors Rating: 1 out of 5 stars1/5Productivity Growth in Japan and the United States Rating: 5 out of 5 stars5/5Fifty Years of Economic Measurement: The Jubilee of the Conference on Research in Income and Wealth Rating: 0 out of 5 stars0 ratingsLabor in the New Economy Rating: 0 out of 5 stars0 ratingsMeasuring Capital in the New Economy Rating: 0 out of 5 stars0 ratingsLabor Statistics Measurement Issues Rating: 0 out of 5 stars0 ratingsMedical Care Output and Productivity Rating: 0 out of 5 stars0 ratingsThe Economics of New Goods Rating: 5 out of 5 stars5/5International and Interarea Comparisons of Income, Output, and Prices Rating: 0 out of 5 stars0 ratingsScanner Data and Price Indexes Rating: 0 out of 5 stars0 ratingsGeography and Ownership as Bases for Economic Accounting Rating: 5 out of 5 stars5/5New Developments in Productivity Analysis Rating: 0 out of 5 stars0 ratingsImproving the Measurement of Consumer Expenditures Rating: 0 out of 5 stars0 ratingsInternational Trade in Services and Intangibles in the Era of Globalization Rating: 0 out of 5 stars0 ratingsA New Architecture for the U.S. National Accounts Rating: 0 out of 5 stars0 ratingsMeasuring Economic Sustainability and Progress Rating: 0 out of 5 stars0 ratingsHard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches Rating: 0 out of 5 stars0 ratingsMeasuring and Modeling Health Care Costs Rating: 0 out of 5 stars0 ratingsMeasuring and Accounting for Innovation in the Twenty-First Century Rating: 0 out of 5 stars0 ratingsMeasuring Entrepreneurial Businesses: Current Knowledge and Challenges Rating: 0 out of 5 stars0 ratingsChallenges of Globalization in the Measurement of National Accounts Rating: 0 out of 5 stars0 ratingsBig Data for Twenty-First-Century Economic Statistics Rating: 0 out of 5 stars0 ratings
Related ebooks
The Changing Hospital Industry: Comparing Not-for-Profit and For-Profit Institutions Rating: 3 out of 5 stars3/5Themes in the Economics of Aging Rating: 0 out of 5 stars0 ratingsNew Developments in Productivity Analysis Rating: 0 out of 5 stars0 ratingsOutput Measurement in the Service Sectors Rating: 1 out of 5 stars1/5Explorations in the Economics of Aging Rating: 0 out of 5 stars0 ratingsThe Economics of New Goods Rating: 5 out of 5 stars5/5Analyses in the Economics of Aging Rating: 0 out of 5 stars0 ratingsInquiries in the Economics of Aging Rating: 0 out of 5 stars0 ratingsThe Costs and Benefits of Price Stability Rating: 0 out of 5 stars0 ratingsHealth Care Issues in the United States and Japan Rating: 0 out of 5 stars0 ratingsResearch Findings in the Economics of Aging Rating: 0 out of 5 stars0 ratingsEconomic Aspects of Health Rating: 0 out of 5 stars0 ratingsThe Governance of Not-for-Profit Organizations Rating: 0 out of 5 stars0 ratingsAging Issues in the United States and Japan Rating: 0 out of 5 stars0 ratingsInternational and Interarea Comparisons of Income, Output, and Prices Rating: 0 out of 5 stars0 ratingsIndividual and Social Responsibility: Child Care, Education, Medical Care, and Long-Term Care in America Rating: 5 out of 5 stars5/5Accelerating Energy Innovation: Insights from Multiple Sectors Rating: 0 out of 5 stars0 ratingsThe Economics of Climate Change: Adaptations Past and Present Rating: 0 out of 5 stars0 ratingsReducing Inflation: Motivation and Strategy Rating: 0 out of 5 stars0 ratingsSocial Security and Retirement around the World Rating: 0 out of 5 stars0 ratingsDevelopments in the Economics of Aging Rating: 0 out of 5 stars0 ratingsRisk Aspects of Investment-Based Social Security Reform Rating: 0 out of 5 stars0 ratingsMeans-Tested Transfer Programs in the United States Rating: 0 out of 5 stars0 ratingsInvestigations in the Economics of Aging Rating: 0 out of 5 stars0 ratingsFrontiers in the Economics of Aging Rating: 0 out of 5 stars0 ratingsEmpirical Studies of Commercial Policy Rating: 0 out of 5 stars0 ratingsSocial Security Programs and Retirement around the World: Micro-Estimation Rating: 0 out of 5 stars0 ratingsAdvances in the Economics of Aging Rating: 0 out of 5 stars0 ratingsMeasuring and Managing Federal Financial Risk Rating: 0 out of 5 stars0 ratingsAdministrative Aspects of Investment-Based Social Security Reform Rating: 0 out of 5 stars0 ratings
Industries For You
YouTube Secrets: The Ultimate Guide to Growing Your Following and Making Money as a Video I Rating: 5 out of 5 stars5/5Becoming Trader Joe: How I Did Business My Way and Still Beat the Big Guys Rating: 5 out of 5 stars5/5All the Beauty in the World: The Metropolitan Museum of Art and Me Rating: 4 out of 5 stars4/5Uncanny Valley: A Memoir Rating: 4 out of 5 stars4/5INSPIRED: How to Create Tech Products Customers Love Rating: 5 out of 5 stars5/5Grocery: The Buying and Selling of Food in America Rating: 4 out of 5 stars4/5Shopify For Dummies Rating: 0 out of 5 stars0 ratingsSummary and Analysis of The Case Against Sugar: Based on the Book by Gary Taubes Rating: 5 out of 5 stars5/5Weird Things Customers Say in Bookstores Rating: 5 out of 5 stars5/5YouTube 101: The Ultimate Guide to Start a Successful YouTube channel Rating: 5 out of 5 stars5/5Fast Food Nation: The Dark Side of the All-American Meal Rating: 0 out of 5 stars0 ratingsSummary and Analysis of The Omnivore's Dilemma: A Natural History of Four Meals 1: Based on the Book by Michael Pollan Rating: 0 out of 5 stars0 ratingsA Study of the Federal Reserve and its Secrets Rating: 4 out of 5 stars4/5How We Do Harm: A Doctor Breaks Ranks About Being Sick in America Rating: 4 out of 5 stars4/5Sweet Success: A Simple Recipe to Turn your Passion into Profit Rating: 5 out of 5 stars5/5Pharma: Greed, Lies, and the Poisoning of America Rating: 5 out of 5 stars5/5Hoax: Donald Trump, Fox News, and the Dangerous Distortion of Truth Rating: 3 out of 5 stars3/5Artpreneur: The Step-by-Step Guide to Making a Sustainable Living From Your Creativity Rating: 2 out of 5 stars2/5Excellence Wins: A No-Nonsense Guide to Becoming the Best in a World of Compromise Rating: 5 out of 5 stars5/5The Best Story Wins: How to Leverage Hollywood Storytelling in Business & Beyond Rating: 5 out of 5 stars5/5Setting the Table: The Transforming Power of Hospitality in Business Rating: 5 out of 5 stars5/5Sleight of Mouth: The Magic of Conversational Belief Change Rating: 5 out of 5 stars5/5Energy: A Beginner's Guide Rating: 4 out of 5 stars4/5Bottle of Lies: The Inside Story of the Generic Drug Boom Rating: 4 out of 5 stars4/5Powerhouse: The Untold Story of Hollywood's Creative Artists Agency Rating: 4 out of 5 stars4/5
Reviews for Medical Care Output and Productivity
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews
Book preview
Medical Care Output and Productivity - David M. Cutler
Enjoying the preview?
Page 1 of 1