Allocation of Public Sector Resources in Medical Care : An Economist Looks at Health Planning.

by Joseph P. Newhouse

Purchase

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback12 pages $20.00 $16.00 20% Web Discount

Discusses the problem of determining the appropriate allocation of resources within health; such is the usual problem of health planning. The paper points out why the market may not lead to a theoretical optimum; that is, why health planning may be necessary. Health planning, as it is often conceived, attempts to determine the best allocation of medical resources, where best is defined as that allocation which is most efficacious for health. This approach makes two errors: first, the effect of nonmedical inputs on health is ignored; second, the effect of medical inputs on things the consumer desires other than health status is ignored. 12 pp. Ref.

This report is part of the RAND Corporation Paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

Our mission to help improve policy and decisionmaking through research and analysis is enabled through our core values of quality and objectivity and our unwavering commitment to the highest level of integrity and ethical behavior. To help ensure our research and analysis are rigorous, objective, and nonpartisan, we subject our research publications to a robust and exacting quality-assurance process; avoid both the appearance and reality of financial and other conflicts of interest through staff training, project screening, and a policy of mandatory disclosure; and pursue transparency in our research engagements through our commitment to the open publication of our research findings and recommendations, disclosure of the source of funding of published research, and policies to ensure intellectual independence. For more information, visit www.rand.org/about/research-integrity.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.