There is an irrational preference for expensive Covid treatments over effective ones | The Indian Express

There is an irrational preference for expensive Covid treatments over effective ones | The Indian Express

There is an irrational preference for expensive Covid treatments over effective ones

JULY 10, 2020 9:22:30 AM

In the absence of adequate information, the price of a commodity serves as an indicator of quality for the consumer. Information asymmetry is most acute in healthcare, with the added disadvantage that the providers of care have far greater access to, and understanding of the information.