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.
Copy QuoteThe art of medicine consists in amusing the patient while nature cures the disease.
Copy Quote View & ShareIllness is the doctor to whom we pay most heed; to kindness, to knowledge, we make promise only; pain we obey.
Copy Quote View & ShareYou may not be able to read a doctor's handwriting and prescription, but you'll notice his bills are neatly typewritten.
Copy Quote View & ShareIn the name of Hypocrites, doctors have invented the most exquisite form of torture ever known to man: survival.
Copy Quote View & Share