Health Economics from Theory to Practice Optimally Informing Joint D
This book provides a robust set of health economic principles and methods to inform societal decisions in relation to research, reimbursement and regulation (pricing and monitoring of performance in practice). We provide a theoretical and practical framew
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Health Economics from Theory to Practice Optimally Informing Joint Decisions of Research, Reimbursement and Regulation with Health System Budget Constraints and Community Objectives
Health Economics from Theory to Practice
Simon Eckermann
Health Economics from Theory to Practice Optimally Informing Joint Decisions of Research, Reimbursement and Regulation with Health System Budget Constraints and Community Objectives
Simon Eckermann Health Economics University of Wollongong Wollongong New South Wales Australia
ISBN 978-3-319-50611-1 ISBN 978-3-319-50613-5 (eBook) DOI 10.1007/978-3-319-50613-5 Library of Congress Control Number: 2016963793 © Springer International Publishing AG 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Adis imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Foreword
Economic evaluation is a lot more sophisticated now than it was 30 years ago. Then, it provided a powerful but very simple framework for systematically assimilating and comparing the costs and benefits of health-care interventions. The idea was revolutionary. It turned prevailing thought on its head. Health care is rationed whether the system is predominantly public or private. This idea was a surprise to many and resisted by most. That one should consider the cost-benefit of health care when deciding how to allocate resources was seen as anathema. Health economics was a contradiction in terms. We had no right to put a price on life. This was too big an assault on people’s ‘cherished ideals’. Clinicians typically asserted that the economist’s role was to find them the resources they needed to get the job done and then stand out of the way. This view had popular support. The simplicity of the economic framework played an essential role in overcoming this opposition. The logic – impressed upon me by my teachers an
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