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0 pointsclarkevans9y ago0 comments

Competition in a socialized system exists, it is just at the individual practitioner level, rather than at the administrative level. So, could you explain why administrative (e.g. hospital, insurance, physician network) competition is needed in this field? Historically, it's been more expensive this way, not less.

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mamon9y ago

Normal, free market competition does not apply to healthcare because, unlike any other market segment, transactions between patient and doctor are never fully free (voluntary).

If you go to a mall to buy a TV and see two different models offered by two producers you have THREE choices: buy TV A, buy TV B, or buy none, if both are too expensive.. When you are sick and need to see a doctor the third option is not viable - you need to be treated otherwise your condition will get worse and you might even die.

That's why free market in healthcare causes high price inflation: you are not buying a product, you are buying your own life and well being.

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