Re:Sweden gives employees unpaid time off to be entrepreneur...
by tonyedgecombe on Sunday February 16, 2020 @11:28AM
(#22342249)
Because the company uses quite a lot of administrative pressure (patent trolling, vendor's bullying etc etc), hence the market is not competitive.
and you think that won't happen with health care?
Re:Sweden gives employees unpaid time off to be entrepreneur...
by ernst_klim on Sunday February 16, 2020 @02:23PM
(#22343279)
> and you think that won't happen with health care?
It could happen, but it's totally unrelated to the original thesis regarding information asymmetry.
Re:Sweden gives employees unpaid time off to be entrepreneur...
by tonyedgecombe on Monday February 17, 2020 @03:21AM
(#22346293)
It is related, it is part of the obfuscation that corporations engage in to gain an advantage.
There are some things that work really well in a free market but health care will never be of those.
Because the company uses quite a lot of administrative pressure (patent trolling, vendor's bullying etc etc), hence the market is not competitive.
You are talking about competitive markets here, not information asymmetry. I see no evidence that monopolies are the outcome of asymmetry of knowledge, but rather that they are the outcomes of significant administrative measures like license-bullying or patent-trolling.
The only markets that have the problem of information asymmetry are lemon markets.
> And these are industries where it's reasonably easy to pick and choose compared to trying to switch hospitals or doctors part way through your treatment.
It's way easier to change a doctor than to change a car. There are only few conditions which restrain one from bargaining: heart attacks and other severe conditions, and these should be treated differently.
But in case of the vast majority of diseases from common cold to Epstein-Barr changing the doctor and bargaining is even simpler than in most other markets.
But again, bargaining power has nothing to do with information asymmetry as well.