Economics can illustrate the choices available to a society when its resources are insufficient to achieve what it desires. Particularly suited to economic analysis are those problems that relate to issues of scarcity. The text shows how economics can contribute to the understanding of public policy issues in medical care and how the definition, measurement, and selection of public policies can be used to achieve economic efficiency and equity in the financing and delivery of personal medical services. Financing and delivery of personal medical services are emphasized rather than the broader issues of health and health services. This book provides an analytical approach to the study of medical care and health economics.
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