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A comment on Drugmakers raise US prices on 350 medicines despite pressure. Parent comment
AIUI, this is one reason Kenneth Arrow argued (in 1963 [1][2]) that healthcare could not really use a market-oriented solution: information asymmetry.
[1] https://assets.aeaweb.org/asset-server/files/9442.pdf
[2] https://pubmed.ncbi.nlm.nih.gov/15042238/
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AIUI, this is one reason Kenneth Arrow argued (in 1963 [1][2]) that healthcare could not really use a market-oriented solution: information asymmetry.
[1] https://assets.aeaweb.org/asset-server/files/9442.pdf
[2] https://pubmed.ncbi.nlm.nih.gov/15042238/