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If it were fully free market, there would be more competition. If it were fully socialized, the government would control prices. Instead, our system is the wor
by leereeves 3y ago
If it were fully free market, there would be more competition. If it were fully socialized, the government would control prices.
Instead, our system is the worst* of both worlds. The government limits the supply to prevent competition, but allows those they've licensed to charge as much as they want.
*(That is, worst for patients; it's the best for profits)
- beej71 3y agoI don't believe there exists a possible free market for health insurance, just like with flood insurance or earthquake insurance. Adverse selection kills it. Even if there were no insurance, I don't believe there exists a possible free market for expensive emergency medical procedures either.