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The invisible hand of the market has been crushed by the boot of government policy/regulation. It's bootleggers and baptists at national scale.
by anonuser123456 4y ago
The invisible hand of the market has been crushed by the boot of government policy/regulation. It's bootleggers and baptists at national scale.
- ericd 4y agoCare to explain? From where I'm sitting, it looks like private equity firms and hospital networks have created local monopolies/cartels in healthcare by buying up lots of little doctor's offices, and running the same playbooks around revenue maximization. I guess it's hard to defect and run a smaller office, because of the demands of dealing with insurance, as well as doctor licensure, but afaik the AMA isn't a governmental agency so much as a professional organization interested in keeping doctor salaries elevated by restricting the entry of new doctors into the field, and they seem to be one of the major problems.