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Health Economics and Policy, International Edition 5e

ISBN-13: 9781111823719 / ISBN-10: 1111823715

James W. Henderson, Baylor University
Published by Cengage Learning, ©2012

The 5th Edition of HEALTH ECONOMICS AND POLICY (WITH ECONOMIC APPLICATIONS), International Edition thoroughly demonstrates how microeconomic principles apply to health care delivery and its policies. The text explores the changing nature of health care, as well as the social and political sides of issues, and teaches students to analyze public policy from an economic perspective. Written for non-economics majors, HEALTH ECONOMICS AND POLICY (WITH ECONOMIC APPLICATIONS), 5e, International Edition delivers significant economic content and is also appropriate for economics majors.


  • Perspective-Enhancing Issues: Special features called “Issues in Medical Care Delivery” appear in every chapter, and summarize critical studies in medical research, epidemiology, public health, and other fields to help students see the far-reaching impact of health care economics.
  • Key Contributors in Health Care: These fascinating profiles of real-life individuals show students how doctors, economists, and other stakeholders can have a profound impact on health care economics and policy.
  • Stimulating Global Comparisons: Compare and contrast the U.S. and its lifestyle, cultural, and economic characteristics to those of six other developed countries to help students challenge their assumptions about health care.
  • Insightful Analytical Models: “Back of the Envelope” features throughout the text encourage students to use models in analyzing and understanding economics while addressing such topics as the valuation of a life, how to calculate a rate of return, the notion of elasticity, the welfare implications of subsidies, the impact of employer mandates, cost-benefit calculations, and the cost-effectiveness of disease prevention.
  • Clearly Defined Core Focus: Ten key concepts introduced in the first chapter set a unifying theme for the text, while icons in the margins throughout the text remind students how each subject relates to one of the key concepts.

1. U.S. Medical Care: Crisis or Conundrum.
2. Using Economics to Study Health Issues.
3. Analyzing Medical Care Markets.
4. Economic Evaluation in Health Care.
5. Demand for Health and Medical Care.
6. The Market for Health Insurance.
7. Managed Care.
8. The Physicians’ Services Market.
9. The Hospital Services Market.
10. The Market for Pharmaceuticals.
11. Confounding Factors.
12. Policies that Enhance Access.
13. Policies to Contain Costs.
14. Medical Care Systems Worldwide.
15. Medical Care Reform in the United States.
16. Lessons for Public Policy.
  • Expanded Pharmaceuticals Coverage: An all-new chapter discusses the pharmaceuticals market, including a new section on obesity, which addresses this growing problem and its medical consequences.
  • NEW “Confounding Issues:” This completely revised chapter addresses socio-cultural considerations, the aging population, the U.S. legal system, and technology in medicine, and compares these issues to those of other developed countries.
  • Market-driven Health Care: A new section on the Swiss health care system shows students how reform of another country’s health care system affects the marketplace.
  • Modern Health Care Alternatives: New sections on consumer-directed health plans and the new Massachusetts health care plan highlight the discussion on market alternatives and ignite classroom debate on this hot current topic.
  • Updated Graphics and Data: Charts and tables throughout the text reflect the latest in health care cost and outcomes data, which encourages more thoughtful analysis of the topics.
James W. Henderson
James W. Henderson is the Ben H. Williams Professor of Economics at Baylor University, where his teaching and research center on health economics and policy. Before joining the Baylor faculty, he was Vice President of Finance and Management at the Dallas Minority Business Center. Dr. Henderson’s economic research has appeared in Health Care Financing Review, Journal of Development Economics, Journal of Rural Health, and PharmacoEconomics. He has lectured in the United Kingdom, South Africa, Mexico, Sweden, and Ukraine. Dr. Henderson earned his PhD at Southern Methodist University.