In 1963 and later papers, I pointed out that the special market characteristics of medical care and medical insurance could be explained by reference to differences in information among the parties involved.
Kenneth Joseph Arrow
More from: Kenneth Joseph Arrow
DOWNLOAD
You are free to use this picture for any purpose including commercial. A credit linking back to this page is appreciated.
Similar Quotes:
-
Oh there are lots of doctors and medical professionals out there who buy my devices at whole sale price. -
I don't think there's any independent cartoonist whose stuff I don't like or respect in at least some way or another. We're all marginal laborers - we're practically medical oddities - so I don't see why we can't all be nice to each other. -
I'm by no means condemning prescription medicine for mental health. I've seen it save a lot of people's lives. -
We also have a program in place for low income people. A family of four making $26,000 a year can receive medical coverage, irrespective of citizenship or what documents. -
During a trip to Iraq last fall, I visited our theater hospital at Balad Air Force Base and witnessed these skilled medical professionals in action and met the brave soldiers whose lives they saved.