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.
Alfred Nobel was much concerned as are we all with the tangible benefits we hope for and expect from physiological and medical research and the Faculty of the Caroline Institute has ever been alert to recognize practical benefits.
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In a wristwatch imagine the battery is in the strap and there's a medical sensor in there connected to the internet. If someone is monitoring that they could phone up if the user has forgotten to take some medication. This could save hundreds of dollars in medical fees later. What's missing? It's a stable battery.
