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A comment on The US spends more on healthcare for no gain says new report from Johns Hopkins. Parent comment

Re:The US spends more on healthcare for no gain says new rep... by braythwayt on Monday January 07, 2019 @09:02PM (#18852414)
"Never confuse an unregulated market with a free market."

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(Yes, yes, I understand that to an economist, a "free market" is free of regulation, a product of laissez-faire economics. But to the lay person, a "free market" is one where prices are set by perfect competition, which requires a balance of power, the prevention of monopolization, and information symmetry.)

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Re:The US spends more on healthcare for no gain says new rep... by PakG1 on Monday January 07, 2019 @09:34PM (#18852591)
Really? I thought it was the other way around.
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Re:The US spends more on healthcare for no gain says new rep... by minikites on Monday January 07, 2019 @11:09PM (#18853065)
Both are about as real in practice as the Easter Bunny, so it's a distinction without a difference.
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Re:The US spends more on healthcare for no gain says new rep... by james_s_tayler on Tuesday January 08, 2019 @12:03AM (#18853311)
Yeah lay peoples definition is the markets which they are used to living with which don't match the technical terms exactly but come close enough for them.

I just use the term "free enough market" to describe it.

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