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Measurement of the Information Asymmetric in Medical Service Market of China. (in Chinese. with English Summary.)

Lu, Hongyou; Lian, Yujun; & Lu, Shengfeng. (2011). Measurement of the Information Asymmetric in Medical Service Market of China. (in Chinese. with English Summary.). Jingji Yanjiu/Economic Research Journal, 46(4), 94-106.

Lu, Hongyou; Lian, Yujun; & Lu, Shengfeng. (2011). Measurement of the Information Asymmetric in Medical Service Market of China. (in Chinese. with English Summary.). Jingji Yanjiu/Economic Research Journal, 46(4), 94-106.

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This paper builds up a model for measuring the information asymmetric in the medical service market of China, and analyses the effects on attaining the medical service price caused by the asymmetric information between doctors and patients, based on the data in the CHNS database. The result shows that: (1) the degree of asymmetric information does have an important effect on forming the ultimate service price, and doctors possess more information and stronger bargaining ability; (2) in the medical service market, almost all patients have to receive a service price which is 26-61% higher than the standard one on average; (3) estimating the effect between years shows the final market price is about 26% higher than the standard one every year during 1989 to 2006, that means the reform of medical service in China is not helpful to solve the problem of "difficult and expensive medical treatment"; (4)the divergence is depended on various causes: living position; medical insurance possession; job; age; and education. Our suggestions are as follows: it is necessary to reflect whether the ideas of current medical service reform fit for China since the reform and opening up. The government is required to take more part in price-making process and plays an important role in price setting and market monitoring, so as to solve the hypocritical expensive service price and realize the public welfare.




JOUR



Lu, Hongyou
Lian, Yujun
Lu, Shengfeng



2011


Jingji Yanjiu/Economic Research Journal

46

4

94-106






05779154




835