Tag: healthcare services
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Unique Characteristics of the Healthcare Market: An Analysis of Key Differences from Other Markets
Introduction The healthcare market exhibits distinctive features that set it apart from other markets, significantly impacting the delivery, accessibility, and pricing of healthcare services. This essay explores three key issues that differentiate the healthcare market from conventional markets: information asymmetry, externalities, and government regulations. Information Asymmetry in the Healthcare Market Information asymmetry, a critical factor…