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Robin Hanson, PhD: Healthcare Signaling, the Conspicuous Caring Hypothesis, and Prediction Markets in Medicine
The External Medicine Podcast
The Importance of Trusting Doctors
The U.S. should merge health insurance with life and disability insurance, he says. This would give doctors incentives such that if bad things happen to us health-wise, they lose money,. And if we can crank up those incentives high enough, then we can more back off and just trust them to make good choices because they will have good financial incentives for making the right decisions. "A major obstacle with this is that we treat doctors in the US at least as somewhat like sacred priests," Lerman writes.
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