Economics of American Health Care

  • Victor R. Fuchs


Most physicians in the United States today have never known a time when the real resources at their disposal were not increasing at a rapid rate. In the 1980s, however, the flow of funds for patient care, research, and teaching is likely to slow appreciably because the economy will be growing at a slower rate and because the difference between rates of change of health expenditures and the gross national product (GNP) is likely to narrow. These prospects, along with the almost certain rapid growth in the number of physicians for at least another decade, pose a critical financial challenge to American physicians in private practice and in academic medicine.


Health Sector Health Expenditure Private Practice Academic Medicine Gross National Product 
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  1. 1.
    Hughes, E. F. X., Lewit, E. M., and Lorenzo, F. V., 1975, Time utilization of a population of general surgeons in community practice, Surgery 77:371–383.Google Scholar
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    Enthoven, A. C., 1980, Health Plan: The Only Practical Solution, Addison-Wesley, Reading, Mass., p. 63.Google Scholar

Copyright information

© Plenum Press, New York 1983

Authors and Affiliations

  • Victor R. Fuchs
    • 1
  1. 1.Department of Economics, and National Bureau of Economic ResearchStanford UniversityStanfordUSA

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