Healthcare Economics

An Analysis of Dranove 's The Economic Evolution of American Healthcare

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Introduction

The Economic Evolution of American Health Care : from Marcus Welby to managed care was written by David Dranove . The book , published in 2002 was written to explore the history of health care in America and outline the changes that occurred beginning from the traditional health care practice that Dranove called as Marcus Welby medicine ' to the more modern managed care , all from the economic perspective . The paper covers a brief summary

of the chapters and points made by Dranove and critical analysis with close attention to highlighting the main arguments of Dranove . Among the various points emphasized by Dranove in the book , the paper will discuss three ideas : the importance of trust in the patient-physician relationship , the valuable role of managed care in increasing access to health care services , and the means to ensure that managed care organizations deliver quality health care services and do not take advantage of

Brief Summary

The first chapter , The Rise of Managed Care , discussed traditional health care as portrayed in a television show Marcus Welby , M .D . The television show became popular in the 1960s and was about Marcus Welby a primary care physician or PCP . The Marcus Welby medicine placed the physician as the center of a medical care system (p . 7 . The physician manages an independent medical clinic , does house calls , make referrals , and make important decisions in the hospital setting . In traditional health care...