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> It should be no surprise that the more government "regulates" and subsidizes health care, the more expensive it gets. And the answer to high costs is always
by artsrc 13y ago
> It should be no surprise that the more government "regulates" and subsidizes health care, the more expensive it gets. And the answer to high costs is always more regulation!
I am guessing that you might be American. Do you think you have adequately considered health care else where in the world?
Looking at health care around the western world, the country where the government regulates and subsidises health care the least is the US. And in that country health care costs twice what it does anywhere else in the world.
On another topic effective markets require good regulation. For example in Australia phones work on all networks (government mandated GSM), and you can take your phone number between carriers (required by regulation) etc. This created a more effective market. One barrier to an effective market is complex pricing (deliberately introduced to avoid market forces). Regulations to limit pricing complexity would improve the workings of the market.
Similarly in health care, requiring publicly available prices and quality reporting is what enables comparisons made, and make competition possible. Economic entities don't want competitive markets, they want excess profits.
In summary markets are not an alternative to regulation. Regulation and markets work together to form a system of management.