The cost disease [electronic resource] : why computers get cheaper and health care doesn't / William J. Baumol; with contributions by David de Ferranti ...[et. al.].
Baumol, William J.; De Ferranti, David M.
2012
RA410.53 .B38 2012eb
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Title The cost disease [electronic resource] : why computers get cheaper and health care doesn't / William J. Baumol; with contributions by David de Ferranti ...[et. al.].
Author Baumol, William J.
ISBN 9780300188486 (electronic book)
9780300179286
Imprint New Haven [Conn.] : Yale University Press, 2012.
Language English
Description 1 online resource (xxi, 249 p.)
Call Number RA410.53 .B38 2012eb
Summary The exploding cost of health care in the United States is a source of widespread alarm. Similarly, the upward spiral of college tuition fees is cause for serious concern. In this concise and illuminating book, well-known economist William J. Baumol explores the causes of these seemingly intractable problems and offers a surprisingly simple explanation. Baumol identifies the "cost disease" as a major source of rapidly rising costs in service sectors of the economy. Once we understand that disease, he explains, effective responses become apparent. Baumol presents his analysis with characteristic clarity, tracing the fast-rising prices of health care and education in the U.S. and other major industrial nations, then examining the underlying causes of the phenomenon, which have to do with the nature of providing labor-intensive services. The news is good, Baumol reassures, because the nature of the disease is such that society will be able to afford the rising costs.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Source of Description Description based on print version record.
Added Author De Ferranti, David M.
Available in Other Form Cost disease.
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Part I: The survivable cost disease. Why health-care costs keep rising
What causes the cost disease, and will it persist?
The future has arrived
Yes, we can afford it
Dark sides of the disease : terrorism and environmental destruction
Common misunderstandings of the cost disease : cost versus quality and financial versus "physical" output measures
The cost disease and global health
Part 2: Technical aspects of the cost disease. Hybrid industries and the cost disease
Productivity growth, employment allocation, and the special case of business services
Part 3: Opportunities for cutting health-care costs. Business services in health care
Yes, we can cut health-care costs even if we cannot reduce their growth rate
Conclusions : Where are we headed and what should we do?

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