Drug price transparency in the United States presents a complex challenge, rooted in the economic concept of willingness to pay. This concept, defined as the maximum price a customer is willing to pay for a product or service, varies significantly among customers due to extrinsic and intrinsic differences. Extrinsic differences, such as those observed in […]

In her insightful analysis, Ellen Oxfeld advocates for systemic reform in the healthcare sector, emphasizing the benefits of adopting global operating budgets for hospital financing. Unlike the fragmented approach in many countries, where hospital care is treated as a universal public good, such systems efficiently allocate funds based on local needs and care levels, ensuring […]