Consumer-centric healthcare has been extolled as the centerpiece of a new model for managing both quality and price. However, information asymmetry in consumer-directed health plans (CDHPs) is a ...

Information asymmetry is a term that gets used a lot in economics. It means that one party in a transaction has more information or better information than the other party—a common occurrence. The ...

As the familiar adage goes, information is power, and those who have it hold sway over those who do not. Such a scenario is best demonstrated by information asymmetry, whereby one party in a ...