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Seventh edition of leading book on health care economics published

Wednesday, May 8, 2013
Seventh edition of leading book on health care economics published

Prentice Hall recently published the seventh edition of the leading text penned by SBA Economic Professors Miron Stano and Sherman Folland, “The Economics of Health and Health Care.”

First published in 1993 along with co-author Allen Goodman, professor, economics, Wayne State University, the best-selling book remains a leader in its field.

The newest edition reflects updates based on the advent of the Patient Protection and Affordable Care Act. Other updates include a section exploring the explosion of obesity and the economic costs it imposes; a look at how changes in drug co-payments and the move of several blockbuster drugs to generic status have impacted the industry; and new evaluations of the Medicare Part D drug benefit. Other chapters cover health care, health capital, health insurance markets, managed care, nonprofit firms, hospitals, physicians and labor, the pharmaceutical industry, government intervention and regulation, and epidemiology and economics.

After its first revision, the book became popular among educators, health service researchers, government specialists, and physicians and others in the health care field.