Review by Choice Review
Noted economist Thomas R. Saving says that Grinols and Henderson (both, Baylor Univ.) "have produced a package for understanding and solving the complex issues in health care market." The plan the authors present will probably seem unusual to readers; it will certainly not be like any plan that politicians have been promoting recently. They call their plan a "targeted intervention plan." The Grinols and Henderson solution rests on addressing three problems with current practices: "too little insurance," "too little income," and "too little market." Their suggestions for health care reform do not merely "order people about," but rather use incentives to intervene in the economy to urge individuals to take the "coordinated steps they need to take." Economists will recognize the obvious reliance on incentives, as opposed to the heavy hand of government direction apparent in most political "solutions" being debated. The use of incentive to achieve a desired outcome makes use of the power of markets, rather than attempting to bypass them. This book is a must read for all in the health care policy area. It is also a useful read for economics students who wish to see economic principles in action. Summing Up: Highly recommended. General readers, upper-division undergraduate students, graduate students, and research faculty. B. P. Keating University of Notre Dame
Copyright American Library Association, used with permission.
Review by Choice Review
