Uncertain Times : Kenneth Arrow and the Changing Economics of Health Care

Frontmatter -- CONTENTS -- Foreword -- Preface -- Kenneth Arrow and the Changing Economics of Health Care: ‘‘Why Arrow? Why Now?’’ -- Uncertainty and the Welfare Economics of Medical Care (American Economic Review, 1963) -- PART I Supply, Demand, and Health Care Competition -- General Equilibrium and Marketability in the Health Care Industry -- Arrow’s Concept of the Health Care Consumer: A Forty-Year Retrospective -- Uncertainty and Technological Change in Medicine -- Human Inputs: The Health Care Workforce and Medical Markets -- Health Care as a (Big) Business: The Antitrust Response -- PART II Risk, Insurance, and Redistribution -- Health Insurance and Market Failure since Arrow -- Can Efficiency in Health Care Be Left to the Market? -- Valuing Charity -- Medical Service Risk and the Evolution of Provider Compensation Arrangements -- The Role of the Capital Markets in Restructuring Health Care -- PART III Information, Knowledge, and Medical Markets -- Arrow and the Information Market Failure in Health Care: The Changing Content and Sources of Health Care Information -- The End of Asymmetric Information -- Managing Uncertainty: Intermediate Organizations as Triple Agents -- Moral Hazard vs. Real Hazard: Quality of Care Post-Arrow -- PART IV Social Norms and Professionalization -- Arrow’s Analysis of Social Institutions: Entering the Marketplace with Giving Hands? -- The Market for Medical Ethics -- The Role of Nonprofits in Health Care -- Arrow on Trust -- From Trust to Political Power: Interest Groups, Public Choice, and Health Care -- Regulating Health Care: From Self- Regulation to Self-Regulation? -- The Lawyerization of Medicine -- PART V Response by Professor Arrow -- Reflections on the Reflections -- Contributors -- Index