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PP is referring to the price mechanism of markets. Not an arbitrary set price set by a regulator / central planner. By definition if government runs a sector,
by anonuser123456 3y ago
PP is referring to the price mechanism of markets. Not an arbitrary set price set by a regulator / central planner.
By definition if government runs a sector, there can be no pricing mechanism. Otherwise the government isn’t running it; it’s just a market.
- devbent 3y agoThe government is the payer, hospitals and doctors can still compete in pricing. Plenty of US states have an effective duopoly of healthcare insurers, which is no different in effect from having a single payer. The main difference is with for profit insurers, some % is skimmed off the top as profit instead of going into patient care.