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I think its clear that the US medical system is specifically not a free market. It has become (and is continuing to become) increasingly subjected to regulatory
by snewk 10y ago
I think its clear that the US medical system is specifically not a free market. It has become (and is continuing to become) increasingly subjected to regulatory capture.
- AstralStorm 10y agoCorporate capture, not regulatory. Plain old corruption. Regulation just increases the barrier to enter for competition, which is beneficial to the status quo who can afford it.
- hueving 10y ago>Regulation just increases the barrier to enter for competition, which is beneficial to the status quo who can afford it. Uh, that's precisely the point of regulatory capture. Ensure nobody else can compete but you.