@article{1385961,
      recid = {1385961},
      author = {Newhouse, Joseph P.},
      title = {Pricing the priceless : a health care conundrum /},
      publisher = {MIT Press,},
      address = {Cambridge, Mass. :},
      pages = {1 online resource (viii, 258 pages) :},
      year = {2002},
      abstract = {The health care industry differs from most other  industries in that medical pricing is primarily  administered by the government and private insurers and in  that it uses several types of contracts. Providers may  receive a fixed sum for all necessary services within a  given period of time, for the necessary services to treat a  given condition, or for each specific service. The industry  is changing dramatically, offering many natural experiments  to aid understanding of the economics of pricing for health  care.In Pricing the Priceless, Joseph Newhouse explains the  different pricing systems and how they affect resource  allocation and efficiency, focusing on the efficiency of  pricing. He also discusses larger issues of equity, fair  distribution of burden, and social justice. Although most  of the examples are American-based, the same issues arise  in all medical care financing and delivery systems, and the  theories and models are general enough to apply to many  institutional contexts. The topics include Medicare,  managed care, the contemporary integration of health  insurance and medical care, the management of moral hazard  and stinting, uncertainty and risk aversion, the demand for  health insurance, agency relationships, information  disparities, regulation, and supply-side and demand-side  selection.},
      url = {http://library.usi.edu/record/1385961},
}