The Orange Path

RAND Health Insurance Experiment

Robin Hanson
Overcoming Bias, 8th May 2007
Web link

thousands of people randomly given free medicine in the late 1970s consumed 30-40% more medical services, paid one more "restricted activity day" per year to deal with the medical system, but were not noticeably healthier!  So unless the marginal value of medicine has changed in the last thirty years, if you would not pay for medicine out of your own pocket, then don't bother to go when others offer to pay; on average such medicine is as likely to hurt as to help.

06:41 PM in 3: Health | Permalink

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