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Health care is not a regular market. You can't shop around for emergency care when your leg is severed or you are unconscious in a car accident. Healthcare can
by Marazan 8y ago
Health care is not a regular market. You can't shop around for emergency care when your leg is severed or you are unconscious in a car accident.
Healthcare can and should be heavily regulated, its not like buying a hammer.
- loeg 8y agoEmergency care is not a great market to be a buyer in, but that does not change that market economics apply. And it is beside the point. The vast majority of healthcare is boring, predictable, non-emergency expenses that can be shopped around. I agree that regulation makes sense, just not with the extremely specific proposal that medical devices be sold at cost (or whatever slightly higher unit cost is available to consumers).