4 ms·
Seconded. The healthcare market is an exceptionally complex beast, with all sorts of information asymmetries, scarcity power and adverse selection problems. It'
by cornholio 9y ago
Seconded. The healthcare market is an exceptionally complex beast, with all sorts of information asymmetries, scarcity power and adverse selection problems. It's very hard to regulate and cannot be safely deregulated, and that's the reason many countries went with a top down single payer system: it's inefficient but prevents the failed market US has, where $20K out of pocket for a basic surgery is considered a good deal.