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Old 10-15-2017, 05:42 PM
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nailer nailer is offline
Rational Anarchist
 
Join Date: Jul 2014
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Quote:
Originally Posted by finnbow View Post
Try as you might to claim otherwise, but health care in the US has not been a free market for a hundred years, back when you traded chickens to a doctor for his snake oil or leeches. Here's an article by a conservative of why and how free market economics do not and cannot work for health care.

https://www.forbes.com/sites/chrisla.../#40fb2d251147

And he has just touched the surface as to why health care cannot be delivered under a true free market model - the underlying prerequisites for free market conditions in modern health care simply do not and cannot exist in this country nor any other modern first world economy.
If the article points out that cost effective health care is an oxymoron under free market economics due to the demand curve for health care being essentially inelastic, I fully concur. Inelastic demand and health care being a consumer product are primarily why our free market health care system is so expensive. For modern health care to be cost effective in a modern economy the profit motive needs to be eliminated. Socialized medicine is the answer and I don't see this happening anytime soon.
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Last edited by nailer; 10-15-2017 at 06:14 PM.
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