In 1963 and later papers I pointed out that the special market characteristics of medical care and medical insurance could be explained by reference to differences in information among the parties involved.

later papers pointed special market characteristics medical medical insurance could explained reference differences information among parties involved

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George Orwell Future

All political thinking for years past has been vitiated in the same way. People can foresee the future only when it coincides with their own wishes and the most grossly obvious facts can be ignored when they are unwelcome.

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