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> It's impossible to have a free market in healthcare because there is a gigantic information asymmetry between patients and providers. Why would information a
by marcusverus 4y ago
> It's impossible to have a free market in healthcare because there is a gigantic information asymmetry between patients and providers.
Why would information asymmetry prevent a free market? The free market works for all manner of highly specialized goods and services, for which there is (almost as a rule) a large information asymmetry between buyers and sellers.
- HDThoreaun 4y agoInformation asymmetry is a classic example of a market failure. Markets with extensive baked in information disadvantages are by definition unfree. Just because other markets are unfree doesn't mean medicine isn't.