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Prices are regulated is the problem! Prices should be ‘regulated’ by REAL price transparency and consumer choice! The prices will self regulate based on the m
by kangaroozach 7y ago
Prices are regulated is the problem!
Prices should be ‘regulated’ by REAL price transparency and consumer choice! The prices will self regulate based on the market.
AND insurance can be privately bought to protect against the chance that you get stuck with something expensive. Just like insurance against your house burning, car crashing, or dealer getting a blackjack.
The idea that regulating the price through government will lead to more efficient system with lower costs and better outcomes is a fallacy. Even NASA is being outdone by private space exploration. Government regulation simply can not compete with a truly free market where consumers have access to information, prices, and can make decisions for themselves.
CHOICE is what is required to optimize the solution. Regulation is mostly a fallacy. Regulation is required for certain protections, but not a reliable means to get the system to deliver the optimal outcomes and the lowest costs.
- homonculus1 7y agoI would only add the caveat that under a free market system single-payer may still be more appropriate for emergency care, since you can't make a consumer choice in the middle of having a stroke. The fallacy that healthcare is a monolithic field which can necessarily be equally served across the board by any particular regime is catastrophic to the debate. There are completely different requirements, limitations, time scales, etc. between an ER, a family practice, a specialist pediatric cancer ward, a cosmetic surgery clinic, etc.