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by EcommerceFlow 200 days ago
The more free market an industry/service, the more efficient the outcome.

Why do people readily accept this for everything else, but don't see the reality in regards to healthcare?

4 comments

Assuming we take the statement "more free market equals more efficient outcome" as always and absolutely true, it raises the question: Are the healthcare-related needs of a society aligned with the most efficient outcome that a free market can deliver? I don't think they necessarily are.
Could you please define "efficient"?

and also "free market"?

oh, and just for fun, also define "outcome"

1) Some people have more expensive problems than others. The average person can't realistically budget for big things.

2) The "efficient" option is to let the big problems die.

the more competitive, orderly, and fair market, the more efficient the outcome

that is _not_ synonymous with "absent of regulation."

market failures exist, believe it or not.