3 ms·
No, public healthcare systems are good because they have monopsony power. (That is, they keep costs down by increasing the supply of doctors… or just paying the
by astrange 3y ago
No, public healthcare systems are good because they have monopsony power. (That is, they keep costs down by increasing the supply of doctors… or just paying them less.) They are just not so good that being sick doesn't make your life worse.
Also, they have the problem that if you elect people who want to ruin it they can ruin it. Don't want an anti-abortion government owning all the abortion clinics. Same problem with public housing - it's bad if you're a minority the government is racist against.
Most systems aren't designed like the NHS anymore than they're designed like the US though. Japan's is good for instance.