To: Libloather
But research shows that competition in health care cannot be made to work effectively.
Baloney. Medicare and Medicaid are basically 50% of what we spend on health care now and they totally screw up the market for health care by paying too much for some things and too little for other things. Insurance companies have to adjust their rates in response to this.
If you look at a part of the medical profession where Medicare and Medicaid do not exist and neither do insurance companies, you can see the market at work.
The best example is the eye surgery they do, which cost over $5000 per eye when the first started doing it, and now it is less than $1000 per eye. Market forces at work.
To: microgood
Chiropractic and cosmetic surgery are two others prices held down by market forces.
19 posted on
12/27/2011 6:48:44 PM PST by
scottteng
(Tax government employees til they quit and find something useful to do)
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