Market failure, policy failure and other distortions in chronic disease markets

@article{Watts2009MarketFP,
  title={Market failure, policy failure and other distortions in chronic disease markets},
  author={Jennifer J Watts and Leonie Segal},
  journal={BMC Health Services Research},
  year={2009},
  volume={9},
  pages={102 - 102}
}
BACKGROUND The increasing prevalence of chronic disease represents a significant burden on most health systems. This paper explores the market failures and policy failures that exist in the management of chronic diseases. DISCUSSION There are many sources of market failure in health care that undermine the efficiency of chronic disease management. These include incomplete information as well as information asymmetry between providers and consumers, the effect of externalities on consumer… CONTINUE READING
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