DefinePK

Abstract

Market failures in health care1 thrive on conflict ofinterest. Take the example of market failure due to“information discrepancy” between doctors and patients.This uneven knowledge is the basis for exploitation by thealliance between the health technology industry andmedical profession an alliance fraught with conflict ofinterest. Patients pay the cost through their health andmoney.Whereas market failures are well established and wellstudiedphenomenon in health economics and healthcare literature, there is a weak research base, including inPakistan, for conflict of interest in health care despite itscharacterization as “an invisible force shaping healthsystems and policies”.2 It “remain(s) a global issue that isneglected, underestimated, and overlooked by healthpolicy makers and researchers”.
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