The US political system has come to depend upon money too much. The
US health care industry spends the most on political lobbying among
all the 13 industrial sectors in the US economy. The government
regulatory agencies at both federal and state levels have been
"captured" by the health industry interest groups meaning that the
regulatory agencies respond to the interests of the industry but
not those of citizens. This book employs a broad theoretical
framework of crony capitalism to understand US health care system
dysfunction. This framework has not been applied before in any
serious manner to understand the shortcomings in the US health care
system. Specifically, the book examines the role of seven key
players using this framework - politicians/interest groups,
pharmaceutical companies, private health insurers,
hospitals/hospital networks, physicians, medical device
manufacturers, and the American public. Crony capitalism is a
destructive force and is rampant in US health care system, causing
much waste, inefficiencies, and malaise in the system. Current
efforts and initiatives, such as patient-centered medical homes and
precision medicine, for improving/reforming the system are of mere
academic interest and tantamount to taking aspirin to treat cancer.
They do not even pretend to address the root cause of the problem,
namely, crony capitalism. Offering prescriptions to fix the U.S.
health care system based on a comprehensive diagnosis of the
dysfunction, this book will be of interest to researchers,
academics, policymakers, and students in the fields of health care
management, public and non-profit management, health policy,
administration, and economics, and political science.
General
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