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Health Economics and Financing

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  • General

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    • Master Program in

      " Public Health Management "

       

    • Course Description

       This course provides students with an understanding of the importance of health economics and financing. It introduces the students the basic concepts related to health economics and financing which is concerned with how financial resources are generated, allocated and used in health systems effectively.

      It provides students with the skills, knowledge and basic economic arguments that are central to discussion about health policy options and resources allocation choices.  This course aims also to share knowledge and policy experience on how health system can improve  utilization of financing sources and improving efficiency of health care services firms by exposing the students to key theoretical and empirical knowledge in the field of health care economics and financing. Furthermore, the course helps students to identify the important role that it plays in informing how sound financial policy planning is essential to strengthening health services firms  which will contributes to improve its efficiency. Additionally, it focuses on identifying sources of health financing to be used in health care.

    • Student Performance Objective

      Upon the completion of this course, the students will be able to : 

      1. Describe the basic concepts, components and processes related to the health economics and financing .
      2. To identify the basics of health care costs in health care services .
      3. Distinguish the various sources  of financing  health care services.
      4. To explain the meaning of value in health care industry.
      5. Identify the nature of demand and supply in health care  industry.
      6. To clarify the primary benefits – value  accounted in  health care services.
      7. Identifying the important of health insurance as a source of financing health  services firms.
      8. Identifying the relationship between insurance contracts and manageing health care projects.
      9. Sources of Hospital  revenue as a source of financing Health care projects.
      10. Explaining the techniques of managing and regulating hospitals costs .

    • Instructional Materials 

      • Text book:

      (HEF)Health Economics and Financing -5 th  Edition, Thomas E. Getzen (2013), Aptara. Inc. Collrier Kendallville (USA). This text is available as a PDF for no charge at https://link.springer.com. 

      Further Readings (Recommended Literature)

      Thomas E.Getzen.(2013) ,Health Economics and Financing ,5th Edition ,Aptara Inc. Collrier Kendalluill;(USA)

       Pequignot H, Sandier S (2007). Naissance de l’économie médicale aux origins du Credes. In Santé de l’économie, économie de la santé. Prospective et santé.

       Une santé qui compte ? Les coûts et les tarifs contreversés de l’hôpital public. Pièrre-André Juven 2016. 

    • resource icon
      File
      Course Syllabus File

  • Week 1&2

    Topics 

    - Introduction: Money, Medicine and Health.

    - Defining the term Economics.

    - Describe the terms of Trade.

    - Explain the term value.

    - Describe the financing sources of health care

     - Economic Principles as conceptual tools in Health care projects.

    • Reading HEF 1:

      Kaiser Family Foundation Health Policy Studies (www.kff.org).

      Victor Fuchs, “Economics, Values and Health Care Reform,”

      American Economic Review 86, no. 1 (1996): 1–24. . Department of Health and Human Services,

      Health United States, 2010(annual), https://www.cdc.gov/

      Nchs/hus.htm.

      U.S. Department of Health and Human Services, Centers for Medicare and Medicaid, National Health

      Accounts,

      National Health Expenditures 1960–2010 and National Health Expenditure Projections

      2011–2021,

      https://www.cms.gov/NationalHealthExpendData

    • resource icon
      File
      Health Economics and Financing File

  • Week 3

    Topics 

    - Demand and Supply

    - Understanding Demand Curve

    - The Supply Curve

    - Price sensitivity in health care

    - Needs verses Demand

    - Determinants of Health

    - Efficiency of health services.

    - Law of Demand.

    - Elasticity of Demand.

    - Demand for Medical care.

    • Reading HEF 2 : 

       

      Katherine Baker and Amitabh Chandra, “Aspirin, Angioplasty and Proton Beam Therapy: The Economics

      of Smarter Health Spending,” Kansas City Federal Reserve Bank Publication (2011), download at

      https://www.kc.frb.org/publicat/sympos/2011/2011.BaickerandChandra.paper.pdf

      Robert H. Frank,

      The Economic Naturalist

      (New York: Basic Books, 2008).

      Paul Heyne,

      The Economic Way of Thinking

      (Upper Saddle River, N.J.: Prentice Hall, 2002).

      Joseph Newhouse,

      Pricing the Priceless

      (Cambridge, Mass.: MIT Press, 2002).

      Thomas Rice,

      The Economics of Health Reconsidered

      (Chicago: Health Administration Press, 2002). John Eisenberg,

      Doctor’s Decisions and the Cost of Medical Care

      (Ann Arbor, Mich.: Health Administration Press,

      1986). Jerome Groopman,

      How Doctors Think

      (Boston: Houghton Mifflin, 2007). Atul Gawande,

      Complications:

      A Surgeon’s Notes on an Imperfect Science

      (New York: Picador, 2002).

      6. Robert Fogel,

      The Escape from Hunger and Premature Death, 1700–2100: Europe, America and the Third World

      (New York: Cambridge University Press, 2004). David Cutler, Angus Deaton, Adrianna Lleras-Muney, “The

      Determinants of Health,”

      Journal of Economics Perspectives

      20, no. 3 (2006): 97-120. See also the variety of

      sources cited in Chapter 16

       

    • resource icon
      File
      CAP_lecture_1 File

  • Week 4

     Topics 

    - Financing Physicians: Revenues.

    - Physician Income.

    - Physician Financing Expenses.

    - The Medical Transactions.

    - Licensure: Quality of Profits.

    - Long term care

  • Week 5

    Topics

    - Hospitals as a Source of Financing:

    - From charitable Institution to Corporate Chain.

    - Development of Modern Hospitals.

    - Hospital Financing: Revenues.

    - Hospitals Source of Finance.

    - Hospital Financing: Expenses.

    - Financial Management and Cost Shifting.

    - How Do Hospitals compete.

    - Organization of Hospital.

    - Pharmaceuticals as a source of funding

  • Week 6&7

    Topics

    - Health Insurance: Financing and managing medical Care Contracting:

    - Methods of covering Risks.

    - Insurance- Third Party.

    - Risk Aversion.

    - Moral Hazard.

    - Tax Benefits.

    - Contracting and Managing Health care contracts.

    - Sources of Insurance.

  • Week 8&9

    Topics

    - Financing of health care services expenses.

    - What is financing.

    - Value and Rate of Returns.

    - Types of Risks.

    - Ownership and Agency.

    - Capital Financing Hospitals.

    - Health Care for Profit.  

  • Week 10 & 11

    Topics

    - The Role of Government.

    - The Role of Government in Financing Medical firms.

    - Governmental Health Financing.

    - Monopoly and Market Failure.

    - Law and Order.

    - Public Goods and Expenditure.

    - Information.

  • Week 12&13

     Topics

    - Future of health Care services sectors.

    - The consumption Function.

    - Adjusting to Change: Dynamics.

    - Forecasting future Health Expenditure.

    - Cost Control.

    - Workforce Dynamics.

  • Week 14

    Topics

    Modern trends in medical care services expenditures and revenues :

    - Wide Difference among Nations.

    - Micro versus Macro Allocation.

    - Causality.

    - Low income Countries

    - Middle Income Countries.

    - High Income Countries.

    - International Trends in Health Care.

     

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