Why the Economic Aspects of Healthcare are not Unique
© Copyright 2020, Sultan Qaboos University Medical Journal, All Rights Reserved..
Frequent claims suggest that healthcare and its production are not only different from other goods, but that they differ to such an extent that healthcare should be viewed as unique. Various features of healthcare, such as the lack of a perfect market and the existence of information asymmetry, are cited as evidence of this claim. However, such a view results from unduly emphasising the characteristics of healthcare as being atypical. This article redresses this imbalance by taking an alternative approach and examines the ways in which the economic aspects of healthcare are similar to those of other goods. It was found that the differential aspects are less distinctive than claimed and the economic aspects of healthcare are not unique.
| Medienart: |
E-Artikel |
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| Erscheinungsjahr: |
2020 |
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| Erschienen: |
2020 |
| Enthalten in: |
Zur Gesamtaufnahme - volume:20 |
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| Enthalten in: |
Sultan Qaboos University medical journal - 20(2020), 2 vom: 25. Mai, Seite e165-e172 |
| Sprache: |
Englisch |
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| Beteiligte Personen: |
Chambers, Stephen [VerfasserIn] |
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| Links: |
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| Themen: |
Competitive Behavior |
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| Anmerkungen: |
Date Completed 23.03.2021 Date Revised 11.11.2023 published: Print-Electronic Citation Status MEDLINE |
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| doi: |
10.18295/squmj.2020.20.02.006 |
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| funding: |
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| Förderinstitution / Projekttitel: |
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NLM312326130 |
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| 520 | |a Frequent claims suggest that healthcare and its production are not only different from other goods, but that they differ to such an extent that healthcare should be viewed as unique. Various features of healthcare, such as the lack of a perfect market and the existence of information asymmetry, are cited as evidence of this claim. However, such a view results from unduly emphasising the characteristics of healthcare as being atypical. This article redresses this imbalance by taking an alternative approach and examines the ways in which the economic aspects of healthcare are similar to those of other goods. It was found that the differential aspects are less distinctive than claimed and the economic aspects of healthcare are not unique | ||
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