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Introduction

In: Health Economics and Policy Selected Writings by Victor Fuchs

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  • VICTOR R. FUCHS

Abstract

If there is one red hot health subject that never seems to go away, it is the high cost of medical care. In 1927, Ray Lyman Wilbur, physician-president of Stanford University, became chair of a national committee to look into the high cost of care. The committee was later staffed by Rufus Rorem (1894–1988), one of the first health economists and one of my mentors. He taught me a great deal about health care through stories such as the following: Rufus published an article, “Why Hospital Costs Are So High” and was deluged with requests for reprints from hospital administrators. He then published another article, “How to Keep Hospital Costs From Going Higher.” There were no requests for reprints…

Suggested Citation

  • Victor R. Fuchs, 2018. "Introduction," World Scientific Book Chapters, in: Health Economics and Policy Selected Writings by Victor Fuchs, chapter 13, pages 133-139, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813232877_0013
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    More about this item

    Keywords

    Health; Medical Care; Health Policy; Economics; Health Care Reform; Health Insurance;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development

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