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Health Care and the United States Economic System: An Essay in Abnormal Physiology

In: Health Economics and Policy Selected Writings by Victor Fuchs

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  • VICTOR R. FUCHS

Abstract

Health care affects and is affected by the economic system in so many ways as to preclude any attempt at complete enumeration or description. The objective of this paper is more modest. I shall assume that the reader is reasonably familiar with health care, its institutions, technology and personnel, but is less familiar with an “economic system” that is used by economists to describe and analyze economic behavior. Therefore, major emphasis will be given to indicating the place of health care in this system and showing how related economic concepts can contribute to an understanding of problems of health care in the United States. I shall also attempt to indicate some of the limitations of economics in dealing with such a complex area of human activity and concern.

Suggested Citation

  • Victor R. Fuchs, 2018. "Health Care and the United States Economic System: An Essay in Abnormal Physiology," World Scientific Book Chapters, in: Health Economics and Policy Selected Writings by Victor Fuchs, chapter 3, pages 21-42, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813232877_0003
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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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