Victor R. Fuchs, PhD
Disclosures: Authors have disclosed no conflicts of interest. Forms can be viewed at www.acponline.org/authors/icmje/ConflictOfInterestForms.do?msNum=M14-1183.
Requests for Single Reprints: Victor R. Fuchs, PhD, Stanford Institute for Economic Policy Research, 366 Galvez Street, Stanford, CA 94305-6015; e-mail, email@example.com.
Author Contributions: Drafting of the article: V.R. Fuchs.
Final approval of the article: V.R. Fuchs.
This article applies major economic concepts, such as supply, demand, monopoly, monopsony, adverse selection, and moral hazard, to central features of U.S. health care. These illustrations help explain some of the principal problems of health policy—high cost and the uninsured—and why solutions are difficult to obtain.
Fuchs VR. Major Concepts of Health Care Economics. Ann Intern Med. 2015;162:380–383. doi: 10.7326/M14-1183
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Published: Ann Intern Med. 2015;162(5):380-383.
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