Published in:
01-06-2018 | Editorial
Patient empowerment in Europe: is no further research needed?
Authors:
Livio Garattini, Anna Padula
Published in:
The European Journal of Health Economics
|
Issue 5/2018
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Excerpt
In economic theory, health care can be considered a clear example of ‘market failure’ caused by lack of price competition, which does not enjoy the basic conditions to work on both the demand and supply sides; this justifies health economics as a discipline. From the demand side, patients have hardly ever been considered common consumers in European health-care systems and thus expenses have been mostly funded by ‘third-party payers’ at the macro level [
1]. Therefore, physicians respond to ‘payers’ for health-care expenditure at the micro level and are supposed to establish a ‘principal–agent relationship’ with patients, deciding therapies on their behalf to fill the ‘information asymmetry’ gap. …