Why market competition has not brought down health care costs

Re:Why market competition has not brought down health care c... by zaptheimpaler on Monday July 03, 2017 @02:06AM (#14686161)

In summary, respecting "market forces" acting in a market created by the people, for the people is more important than ensuring peoples health - arguably the most basic of human needs... right. ALL HAIL THE FREE MARKET WOO.

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Re:Why market competition has not brought down health care c... by peculiar on Monday July 03, 2017 @02:40AM (#14686313)

In summary, respecting market forces is more efficient than regulation and gov monopoly.

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Re:Why market competition has not brought down health care c... by hedonistbot on Monday July 03, 2017 @03:35AM (#14686544)

What are you talking about. Health is the definition of inelastic demand. Then add the almost missing negotiating powers of a single consumer vs an insurance giant and you have a very efficient system for those on the supply side of the equation and a death sentence for a lot of people on the demand side. The American system is efficient only for health insurance companies and no one else.

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Re:Why market competition has not brought down health care c... by peculiar on Monday July 03, 2017 @05:06AM (#14686904)

>> a single consumer vs __an insurance giant__

Exactly. And that's a result of regulations.

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Re:Why market competition has not brought down health care c... by hedonistbot on Monday July 03, 2017 @07:39AM (#14687503)

Then how is it possible for the rest of the developed countries with heavier government role in healthcare to provide better care that costs less?

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Re:Why market competition has not brought down health care c... by jrs235 on Monday July 03, 2017 @01:49PM (#14690105)

Many will say that "better care" is up to opinion and debate.

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