To the extent that all market participants have better information, economic efficiency is improved and prices are closer to costs for the products and services bought by consumers and for the supplies and equipment bought by firms. Thus innovations that improve information to patients and/or providers, such as by making price and quality information easily available, have an economic value to consumers. Use of the Internet benefits consumers in a variety of ways. What are the different ways the Internet can increase value to consumers and to health care providers and health plans? The Internet/e-commerce can increase efficiency for both providers and health plans in several ways. What are the likely effects of the Internet on health care competition?
2. The COVID-19 pandemic continues to take its toll across the world, costing lives and bringing upheaval and change to societies and economies around the globe. Even before the outbreak, the Internet had already been increasingly leveraged to accelerate, complement, and optimize health care service. And now, the Internet has been deployed to address the most urgent needs or non-urgent needs during the pandemic. For example, telehealth services can facilitate public health mitigation strategies during this pandemic by increasing social distancing. These services can be a safer option patients by reducing potential infectious exposures. As the global pandemic continues, how innovative Internet technology may offer cost-effective applications to us in fight against the pandemic? Any good examples?
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