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by lxm 992 days ago
With USDA captured by agricultural interests, and FDA by pharmaceutical lobby, what’s to prevent the regulatory capture of this new single-payer agency?
1 comments

Health _insurance_ would ideally become a market that simply ceases to exist. It's a uniquely pathological case of market failure.

I've got no love for drug company lobbyists, but drug companies do actually manufacture real things.

Health insurance companies are different.

Once it becomes a government benefit, there are no more lobbyists. There is no market actor to lobby on behalf of, because the market ceases to exist.

The regulatory capture would be not by health insurers, but by healthcare providers, who are the final recipients of the healthcare spending anyways.