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>I would think that private, competing companies would seek out better deals vs a single government entity who couldn't really negotiate That's the biggest adv
by learc83 9y ago
>I would think that private, competing companies would seek out better deals vs a single government entity who couldn't really negotiate
That's the biggest advantage of single payer, one buyer can negotiate better deals with suppliers because there are no other buyers. It's basically a reverse monopoly.
- davidw 9y agoThe term for that is monopsony. https://en.wikipedia.org/wiki/Monopsony https://en.wikipedia.org/wiki/Monopsony