Medicine and the Market: Equity V. Choice

In this book, the authors' aim is to assess the evidence for the positive effects of market practices in healthcare and to provide an ethical evaluation of these.
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Much has been written about medicine and the market in recent years. This book is the first to include an assessment of market influence in both developed and developing countries, and among the very few that have tried to evaluate the actual health and economic impact of market theory and practices in a wide range of national settings.

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Tracing the path that market practice Much has been written about medicine and the market in recent years. Tracing the path that market practices have taken from Adam Smith in the eighteenth century into twenty-first-century health care, Daniel Callahan and Angela A. Wasunna add a fresh dimension: In addition to laying out the market-versus-government struggle around the world—from Canada and the United States to Western Europe, Latin America, and many African and Asian countries—they assess the leading market practices, such as competition, physician incentives, and co-payments, for their economic and health efficacy to determine whether they work as advertised.

This timely and necessary book engages new dimensions of a development that has urgent consequences for the delivery of health care worldwide. Hardcover , pages.

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Medicine and the Market

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Medicine and the market – equity v. choice

Without rejecting the potential of market forces in health care outright—which would be another faith-based gesture—they present a thoughtful portrait of the strength and limitations of that approach in the context of health care. Their work is a must read for any would-be health care reformer. For further information and news in Bioethics, please visit the Hastings Center online.

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