The Health Care Marketplace

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The book explores the health care marketplace through an economist's lens, emphasizing that health care operates like any other business, with firms aiming to maximize profits. It discusses the dynamics between physicians and patients, highlighting the historical asymmetry of information and how managed care has altered this relationship. The author delves into the implications of these changes, suggesting that while managed care has reduced information gaps, it has introduced new challenges. Overall, it presents a critical analysis of the economic principles governing the health care sector.