The future of health economics victor r fuchs nber working paper no 7379 issued in october 1999 nber programshealth care this paper discusses health economics as a behavioral science and as input into health policy and health services research. The purpose of this book is to review the current state of health economics and look forward to developments over the next 25 years the coverage is international individual countries areas and the world health organization being considered by world experts other topics examined include cost benefit analysis and issues concerning the pharmaceutical industry. The futur e of health economics the pharmaceutical industry faces a well documented perfect storm on the one hand the patent cliff the lack of new blockbusters and on the other economic pressure on pricing from markets with growing expectations and shrinking budgets in the face of such pressure. The future of health economics offers a window into some of the most influential emerging issues in pharmacoeconomics issues such as risk sharing and alternative pricing models or the potential impact of radical new approaches such as personalized medicine as well as exploring the changing role of government and regulators
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