• Fri. Jun 7th, 2024

Challenges in Health Care Economics and Artificial Intelligence


Mar 25, 2024

The impact of artificial intelligence on various sectors of the economy has been widely discussed, but the healthcare industry has been somewhat overlooked in these conversations. Despite this, it is clear that a sector that makes up nearly one fifth of the economy will not be able to avoid the disruptive effects of AI, driven by efficiency and cost considerations.

“The Economics of Artificial Intelligence: Health Care Challenges” edited by Ajay Agrawal, Joshua Gans, Avi Goldfarb, and Catherine Tucker, brings together experts from diverse fields such as health economics, medicine, philosophy, law, public health, and machine learning to examine the primary obstacles to the adoption of AI in healthcare. Through original research papers and comprehensive responses, the contributors identify barriers in four key areas: incentives, management, data availability, and regulation.

Despite these challenges, the contributors also highlight the potential for AI to enhance outcomes and reduce costs in the healthcare sector. In order to shape policies that will guide the evolution of the healthcare system, it is crucial to have a thorough understanding of both the benefits and obstacles associated with the adoption of AI. The insights provided in this book will prove invaluable in navigating the complex landscape of AI integration into healthcare.

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