Public Lecture: Competition and Choice in Health Care Markets
- 4 December 2018 at 5:30 pm – 4 December 2018 at 9:00 pm
- Treasury Theatre, Lower Plaza, 1 Macarthur Street, Melbourne VIC 3000
- Health Economics
The Centre for Health Economics invites you to its inaugural Public Lecture in Health Economics.
Competition in the rest of the economy is argued to promote efficiency and economic growth, but is competition useful in health care? What is the likely impact of increased competition and patient choice in health care on price, quality, cost, innovation, spending and the distribution of care?
Professor Propper will address the question of whether patient choice and competition among providers is worth pursuing in heavily regulated health care markets like those in the UK, Europe and Australia where public funding is dominant.
Professor Stephen King will respond to Professor Propper's address and discuss competition and choice in the context of the Australian Health Care System.
Professor Carol Propper, Professor of Economics, Associate Dean of Faculty and Research and Chair in Economics at the Imperial College Business School, Imperial College London.
Her research focuses on the impact of incentives on the quality of health care delivery and health system productivity and, more widely, on the design and consequences of incentives within the public sector and the boundary between the state and private markets.
Carol’s research has been published widely in a number of leading economics journals, such as the American Economic Journal: Economic Policy, European Economic Review, Journal of Applied Econometrics, Journal of Health Economics, Journal of Public Economics, The American Economic Review, and The Review of Economic Studies just to name a few.
Her most recent awards and accolades include:
In 2017, Carol and co-authors Martin Gaynor and Stephan Seiler were awarded the International Health Economics Association Arrow Award for the best paper in health economics for the paper Free to choose? Reform, choice and consideration sets in the English National Health Service. American Economic Review
In 2016, American Economic Association Prize for the best paper published in the American Economic Journal: Economic Policy titled Death by Market Power: Reform, Competition, and Patient Outcomes in the National Health Service
In 2014, Carol was elected as a fellow of the British Academy.
In 2010, Carol was awarded a CBE for her services to social science which recognises Carol’s research into public economics and economics of health care as well as her work with colleagues from other social science and medical disciplines
Previously, Carol was a Senior Economic Advisor to NHS Executive on Regulation of the NHS Internal Market 1993-4, Co-Director of the Centre for the Analysis of Social Exclusion at London School of Economics between 1997-2007, Co-Director and Director of the Centre for Market and Public Organisation between 1998-2009 and Chair of the ESRC research grants board 2005-2009 and a member of the ESRC Council.
Professor Stephen King, Stephen is currently the Commissioner of the Australian Government Productivity Commission. He is also, an Adjunct Professor at Monash University, and Co-Director of The Monash Business Policy Forum in the Centre for Global Business, Monash Business School.
Stephen’s main areas of expertise are in microeconomic theory, competition economics, regulation and industrial organisation. His research has been published widely, including articles in major international economics journals.
Stephen, in his role as Commissioner of the Australian Government Productivity Commission, submitted the Productivity Commission Inquiry Report ‘Introducing Competition and Informed User Choice into Human Services: Reforms to Human Services’ to Government in October 2017, which is now publicly released. This report provides recommendations to the Government on the following areas:
- End of Life Care
- Social Housing
- Family and community services
- Services in remote Indigenous communities
- Giving patients greater choice
- Public dental services
Previously, he was the Dean, Faculty of Business and Economics, Monash Business School, Monash University (2009-2011) and Commissioner, of the Australian Competition and Consumer Commission (ACCC) (2004-2009).
He is a member of the Academy of Social Sciences in Australia and a Lay Member of the High Court of New Zealand. He is also a member of the Review panel considering pharmacy remuneration and regulation.