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Disrupting Healthcare: Understanding the Impact of Artificial Intelligence on the Industry

Challenges in Health Care Economics and Artificial Intelligence

Disrupting Healthcare: Understanding the Impact of Artificial Intelligence on the Industry

The impact of artificial intelligence (AI) on various sectors of the economy has been widely discussed, but the healthcare industry has been somewhat overlooked in these conversations. However, 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.

A new book titled “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

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