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>> To generalize, basically any kind of business could profit from less regulation. I think the point is made that the health-care business is doing quite well
by ttt_ 14y ago
>> To generalize, basically any kind of business could profit from less regulation.
I think the point is made that the health-care business is doing quite well.
Now how about the actual patient? Would you say he would benefit from more or less regulation?
Seems to me that competition on this front would only be between the companies that can manage to better extort patients.
I say more regulation works best in the health-care area. Authority is called for to oversee practices and audit business decisions to make sure that the patient is first priority and profit second.
Taking an example from Brazil. A while ago the private health insurances were regulated into not enforcing grace periods of users who had already gone through them and were migrating from a different plan from the same or another insurer. Isn't that perfectly valid policy that focuses on the patient for what they really need (health-care)? Would unregulated business agree to this on their own?
- snitko 14y agoGood point, however it is, I think, still unclear wether a patient would benefit from less or more regulation. It, again, looks like a more general discussion of left vs right. While people tend to take sides, we still have about equal numbers of economists in favor of either free market or regulations. One might argue, that competition is in the best interest of the patient. And that what is currently regulated, should rather be advised. This looks reasonable, however I wouldn't advocate it until this is actually tested. I once saw a TED-talk by an economist who said that it is trial and error that politicians should advocate, not particular strategies that they "know" are the right ones. That is, I believe, an ultimate solution to many problems, including the medical market.