Markets cannot deliver healthcare, education4 min read 13 Apr 2017, 01:20 AM IST
Good healthcare needs other social institutions and structures such as public trust, enforceable professional ethical codes, public delivery systems and tight regulations
In the early 1990s, I joined a small team charged with developing a business, of providing loans to hospitals, clinics and doctors for the purchase of medical equipment. Within six months, it was apparent that the economics of the hospitals and clinics was fragile.
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