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> Look at how well competition works in our broken healthcare system. Our costs are the highest in the world yet our life expectancy and infant mortality isn’t
by icelancer 7y ago
> Look at how well competition works in our broken healthcare system. Our costs are the highest in the world yet our life expectancy and infant mortality isn’t all that great.
Yes, we have the worst of both worlds: We socialize losses and capitalize gains. Banking/healthcare are two examples of non-free markets, because there is no ability to let them fail. When you cap the downside, you get exactly what we have.
This is a good example of poor market interventionism, not free marketeering, which is not to say that a free market is the right approach for healthcare (I think it should be fully socialized).