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by WalterBright
3162 days ago
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Shopping around in health care is greatly restricted by government policy. Tax policy, for example, is why health insurance tends to be tied to your employer, unlike car insurance. The supply of MDs is closely controlled and restricted by the AMA in order to drive up prices. See "Competition and Monopoly" by Frecht. The supply of drugs is heavily restricted by patents and the FDA. See "Regulation of Pharmaceutical Innovation" by Peltzman. |
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