Ed Normile Posted July 1, 2012 Posted July 1, 2012 [quote name='Hasan' timestamp='1341149800' post='2451124'] Capitalism does not work in health care. The health market is accompanied by market failure do to the unique features of the market. Consumers do not have their normal range of freedoms. There was a pretty seminal papers published a few decades ago explaining why free markets do not work in health care which I can like if you are interested. [/quote] This is a very myopic view of the healthcare market. Capitalism works every time its been tried, do you realize the healthcare providers do not want to have to be forced into competition across state lines as they know that will force them to offer cheaper rates and better services to compete, this is why they lobby against such reforms. If they, they healthcare insurance providers, did not think this is true why would they spend untold millions yearly lobbying against this? As for your " pretty seminal papers " go, who funded these papers? ed
4588686 Posted July 1, 2012 Posted July 1, 2012 [quote name='Ed Normile' timestamp='1341167667' post='2451201'] This is a very myopic view of the healthcare market. Capitalism works every time its been tried, do you realize the healthcare providers do not want to have to be forced into competition across state lines as they know that will force them to offer cheaper rates and better services to compete, this is why they lobby against such reforms. If they, they healthcare insurance providers, did not think this is true why would they spend untold millions yearly lobbying against this? As for your " pretty seminal papers " go, who funded these papers? ed [/quote] Who funded Kenneth Arrow's papers? Well, I guess Stanford University. He was one of the greatest economists of the 20th century and basically started the field of health economics. He's not infallible but he makes some vey good points about how healthcare is fundamentally different from other markets. You can find his work pretty easily. Just google his name and healthcare
Winchester Posted July 1, 2012 Posted July 1, 2012 This one, maybe. http://www.who.int/bulletin/volumes/82/2/PHCBP.pdf
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