Re:Doctor Replied to Your Email. That'll Cost $25
by beej71 on Friday March 08, 2024 @01:18PM
(#39644079)
I don't believe there exists a possible free market for health insurance, just like with flood insurance or earthquake insurance. Adverse selection kills it.
Even if there were no insurance, I don't believe there exists a possible free market for expensive emergency medical procedures either.
Instead, our system is the worst* of both worlds. The government limits the supply to prevent competition, but allows those they've licensed to charge as much as they want.
*(That is, worst for patients; it's the best for profits)