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Re: get real
By Terry Tollend
Oct 17th 2007
at 5:10 pm EDT
"Health care, when left alone, is subject to serious market failures. Hell, look back to the golden age of relatively unregulated health care, where fraternal orders contracted with general practitioners and built their own hospitals, dispensed care, etc. The AMA successfully lobbied to shut out that competition with steep regulations."
How is this a market failure? Sounds like the market was working fine, until government regulations were introduced by people who were upset with having to compete in the market.
Every couple of months, a presidential candidate comes up with a new proposal for how they plan to solve the health care crisis -- 46.5 million Americans are uninsured. The 18-34 age group makes up the largest percentage --39 percent -- of the total uninsured. So even if you're currently covered under some kind of student health care plan, that coverage will evaporate the day you graduate. That's why you should care about what the candidates say about health insurance.
The only problem is, health care plans are confusing. One way to get around this is to look at health08.org and look at their side-by-side comparison tool for what each candidate is proposing.
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How is this a market failure? Sounds like the market was working fine, until government regulations were introduced by people who were upset with having to compete in the market.