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Huh? Medicine is highly regulated. If this was a market you would have hospitals posting prices and negotiating with customers directly on price / quality. Ins
by privateSFacct 7y ago
Huh? Medicine is highly regulated. If this was a market you would have hospitals posting prices and negotiating with customers directly on price / quality.
Instead health plans market to EMPLOYERS (not the consumers of the actual product). Trust me - the service there is pretty amazing! Tax law is designed to in many cases benefit these employer negotiated plans.
- uoaei 7y agoThe market conditions as they stand today were constructed by the participants in that market. This is an outcome that one can reasonably expect, since lawmakers can be bought and a large proportion of health services are pretty much completely inelastic.
- dave_b 7y agoBuying people off isn’t a result of capitalism, it’s always going to be a problem because of fundamental human incentives. Any system will fail if it’s administrators are corrupt and simply abandon the system. You’re basically blaming capitalism for the government failing to uphold capitalism, it’s absurd.
- Gibbon1 7y ago> Buying people off isn’t a result of capitalism Buying people off is the essence of capitalism.