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

by Joseph P. Newhouse

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.

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.