> It seems so right from an Adam Smith invisible hand point of view: offer choice, allow people to shop around, and costs will go down, right? > The US has alr

> It seems so right from an Adam Smith invisible hand point of view: offer choice, allow people to shop around, and costs will go down, right? > The US has already been running this experiment—the results are in, and it's a huge loser. No, we've really not been running that experiment: we don't offer much choice, we don't really allow people to shop around, and most importantly, the vast majority of people aren't paying directly for their own care. The U.S. most definitely does not have a free market in health care, and hasn't for decades.