Saturday, February 27, 2016

health care prices vs. normal markets (thanks govt!)

You can tell when markets are functioning well/normally. To name two indicators/characteristics:
1.) Both sides willingly engage in mutually beneficial trades-- and are generally quite happy with the results.
2.) Prices are readily available and the transaction is easy to understand.

In health insurance and esp. health care, these two are not the case.
1.) *All* parties (consumers, all sorts of suppliers, middlemen) bitterly complain.
2.) As per this article, prices are a mess (high variance and hard to get info).

Those are marks of a distorted market-- par for the course with the massive govt intervention (almost universal subsidies, taxes, regulations, and crony capitalism) we see in HC/HI.



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