RangerDave wrote:
Um, according to basic market theory...all industries respond the way I've described - i.e. information asymmetries, time-sensitive trades, lack of substitutes, price inelasticity, and lack of effective comparisons will tend to limit effective competition and move the market away from optimal efficiency. Are you seriously disputing that?
All of that is
relative to it's own industry, and not to other industries. Healthcare may be more or less responsive to those variables that other industries. The truth is we'll never know, because a modern comparison will never be permitted. However, even competition limited to the point of barely existing is better than no competition. Competition finds a way to improve services and costs, because in order to make money you have to have market share. If your competitor has better services and prices, you'll lose customers, so the drive is always consumer friendly.
In our country we have thousands of different industries, and the ones in which our government is most heavily involved see the highest inflation rates, by far. This is the effect of monopoly, government or otherwise.
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As for health care costs and bureaucratization, sure, extra bureaucracy (whether governmental or corporate) will typically raise the price of a product, all else being equal. But all else is rarely equal. For example, if that extra bureaucracy improves transparency, thereby reducing information asymmetries and improving the ability of consumers to make comparisons, the net effect might actually be efficiency-improving.
Are you kidding me? List for me some documented examples of effective laws improving transparency, with data points. Also, how do you suppose that the least transparent entity in our in our country can make something more transparent by sticking it's fingers in?
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19 Yet she became more and more promiscuous as she recalled the days of her youth, when she was a prostitute in Egypt. 20 There she lusted after her lovers, whose genitals were like those of donkeys and whose emission was like that of horses.
Ezekiel 23:19-20