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https://en.wikipedia.org/wiki/Certificate_of_need https://en.wikipedia.org/wiki/Certificate_of_need It has been law in many states starting in the 1960's. The
by rogerbinns 6y ago
https://en.wikipedia.org/wiki/Certificate_of_need https://en.wikipedia.org/wiki/Certificate_of_need
It has been law in many states starting in the 1960's. The original intention was to prevent too much competition which could skew incentives.
- alistairSH 6y agoYup. We basically built a worst-of-all-options* system in the US. It's not free market. And it's not fully socialized. * From the perspective of an average consumer. It's a brilliant system if you're in a position to profit off it. And it has resulted in the best health care in the world (for those who can afford it).
- hyperdimension 6y agoI've heard of that requirement before (of course the artifical limiting of the numbers of doctors able to start practicing every year is somewhat a similar type of practice,) but I'd be curious to see what the original rationale for the Certificate of Need program was. Is '[too much] competition' not supposedly the bedrock of our Wonderful System of Market Capitalism?