The healthcare industry is often overlooked in discussions about the impact of artificial intelligence (AI) on the economy. However, given its significant size and importance to the overall economy, it’s likely that AI will have an impact on healthcare as well.
In a new book titled “The Economics of Artificial Intelligence: Health Care Challenges,” edited by Ajay Agrawal, Joshua Gans, Avi Goldfarb, and Catherine Tucker, a diverse group of contributors explore the primary barriers to entry for AI in healthcare. These include incentives, management, data availability, and regulation.
Through original papers and responses from experts in the field of health economics, medicine, philosophy, law public health, and machine learning, the contributors analyze how AI has the potential to improve healthcare outcomes and reduce costs. They emphasize the importance of understanding both the benefits and challenges of AI adoption in healthcare in order to inform policy decisions that will shape the future of the healthcare system.
Overall, “The Economics of Artificial Intelligence: Health Care Challenges” sheds light on the potential for AI to transform the healthcare industry and the obstacles that must be addressed in order to realize its benefits.
