Explore the intricate world of Economics of Health and Medical Care, now in its Seventh Edition, authored by Lanis Hicks. Published by Jones & Bartlett Learning on March 11, 2020, this seminal work offers a comprehensive introduction to both population-based health economics and the traditional market-oriented approach to healthcare economics. The book artfully dissects economic principles through descriptive, explanatory, and evaluative lenses. This extensive revision thoughtfully incorporates the profound shifts in the healthcare industry and the broader economy, with a particular emphasis on evolving payment systems and quality improvement initiatives. Delve into an expanded discussion on the impact of the Affordable Care Act, examining its influence on the demand for healthcare services and health insurance, especially concerning Medicare and Medicaid. The text consistently addresses evolving healthcare issues and their implications for efficiency in the production and consumption of healthcare services. Key features include a revised introduction that clearly articulates the significance of health economics and its economic approach to understanding healthcare challenges, updated data reflecting current healthcare system changes, and new empirical studies demonstrating the application of economics in healthcare. Enhance your understanding with helpful links to supplementary online resources and benefit from an updated and expanded glossary that includes new healthcare terminology and definitions of fundamental economic concepts. ISBN-10: 128418353X, ISBN-13: 978-1284183535.