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There are several factors that make healthcare a specific type of product that laissez-faire markets fail to efficiently produce by nature: * tight connection
by vhhn 5y ago
There are several factors that make healthcare a specific type of product that laissez-faire markets fail to efficiently produce by nature:
* tight connection to insurance
* typical consumer-producer relation relation broken into consumer(patient)-prescriber(doctor)-producer-payer(insurance or government)
* large externalities
These factors led to health care being provided by the public sector in most of the countries.