"In 1963 and later papers, I pointed out that the special market characteristics of medical care and medical insurance could be explained by reference to differences in information among the parties involved."
"I'm not feeling very well - I need a doctor immediately. Ring the nearest golf course."Kenneth Joseph Arrow on Groucho Marx
"A hospital bed is a parked taxi with the meter running."Kenneth Joseph Arrow on Groucho Marx
"Never go to a doctor whose office plants have died."Kenneth Joseph Arrow on Erma Bombeck
"They certainly give very strange names to diseases."Kenneth Joseph Arrow on Plato
"Getting out of the hospital is a lot like resigning from a book club. You're not out of it until the computer says you're out of it."Kenneth Joseph Arrow on Erma Bombeck