5min chapter

The External Medicine Podcast cover image

Robin Hanson, PhD: Healthcare Signaling, the Conspicuous Caring Hypothesis, and Prediction Markets in Medicine

The External Medicine Podcast

CHAPTER

The Brand Experiment on Healthcare

The brand experiment on healthcare was from 1974 to 1982, extremely expensive $50 million. The people who were paying almost nothing used a lot more services but didn't get any sort of aggregate benefit from spending more money. "I would just say that's just not indicative really of all the rest of medicine," he says.

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