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The evidence overwhelmingly suggests that the market fails to make this choice, and governments - for the most part - have done a good job.
by dbingham 8y ago
The evidence overwhelmingly suggests that the market fails to make this choice, and governments - for the most part - have done a good job.
- aksss 8y agoIt it’s erroneous to call the American system a market-based system. It commonly is referred to as that - I know - but it doesn’t operate as such. Gov. regulation artificially and intentionally limits supply, supply shortage limits competition, limited competition inflates cost. Third party payer systems abstract the consumer from the supplier. Their buying decision is based on proximity of service center, not cost, because they often just see a $10 co-pay. So they aren’t making informed comparisons. If there’s a market there, it’s certainly not a free market, or anything close.