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Wait, I thought the free market would solve everything! /s
by turnsout 3y ago
Wait, I thought the free market would solve everything! /s
- skfingngihg 3y agoWhy? You can’t even build a hospital or practice medicine without government permission. It’s an industry ripe for regulatory capture.
- lostlogin 3y agoAre you suggesting that less regulation would make healthcare better?
- JumpCrisscross 3y ago> suggesting that less regulation would make healthcare better? No, but more competition would. If we want to have private healthcare, we have to actually let free markets work. Our current system is the worst of both worlds.
- pc86 3y agoI think they're pointing out that heavily regulated industries are very easy to fall prey to regulatory capture, which benefits incumbents at the expense of users and those trying to enter the industry from outside. Healthcare in the US is nowhere close to a free market, so it seems perfectly reasonable to question the GP if it's asked in good faith (it's not).
- FireBeyond 3y ago> You can’t even build a hospital ... without government permission. You are talking about Certificates of Need which are investigations to show that an area needs a new facility... The concept of a CoN was lobbied for by hospitals and healthcare providers who wanted "guarantees" of profits before they'd commit to building new facilities. The CoN process helps existing facilities get a say in whether a new hospital should be allowed in the area. The government itself generally doesn't care.
- jokethrowaway 3y agoI'm sure hospitals owned by private equities still have regulations and face little competition. They just shouldn't exist. It would be interesting to compare small private clinics performance vs hospitals.
- TarasBob 3y agoIt does if the government is not involved.
- nobodyandproud 3y agoAny actual data to prove that assertion?
- thefaux 3y agoHow exactly does the market work without the government enforcing contracts and property rights?
- xyzzy4747 3y agoLots of cryptography and security guards?
- nobodyandproud 3y agoSo threat of violence? In other words, a defacto government?
- xyzzy4747 3y agoThe most profitable companies can afford the most security. It would probably work to some extent. I imagine it would mostly be for defensive purposes and to protect employees but you never know.
- nobodyandproud 3y agoSure but as a profitable company not accountable to customers, what stops them from giving poor service at a premium?
- xyzzy4747 3y agoThe customers would buy less of their services probably.