Even though this is one step in the direction of 'free markets' ... they need to go further.
With healthcare, we fall into an entirely different domain of economics, especially because the leverage of those who have 'life saving' services over those who don't is basically existential.
A better solution would be: 'one price for everyone'.
The entire gambit of 'negotiated prices' is a fallacy in the end, it's just a matter of groups having collective power over another, it's not really economically efficient.
Either A) all Americans form a 'super powerful buying conglomerate' which is 10x more powerful than any healthcare provider, thereby forcing 'amazingly low prices' (which basically socialized medicine) - or B) we let the 'aggregate market demand' determine price, which is basically 'one price for all'.
America should probably follow one of the European examples where they have a public/private mix. I respect that some people just want full control and want to pay for that, it's fine, but there needs to be a socialized component more efficient than Medicare.
I'm not sure if Canada or UK are the best examples for America. Germany, Netherlands or Switzerland might be better.
With healthcare, we fall into an entirely different domain of economics, especially because the leverage of those who have 'life saving' services over those who don't is basically existential.
A better solution would be: 'one price for everyone'.
The entire gambit of 'negotiated prices' is a fallacy in the end, it's just a matter of groups having collective power over another, it's not really economically efficient.
Either A) all Americans form a 'super powerful buying conglomerate' which is 10x more powerful than any healthcare provider, thereby forcing 'amazingly low prices' (which basically socialized medicine) - or B) we let the 'aggregate market demand' determine price, which is basically 'one price for all'.
America should probably follow one of the European examples where they have a public/private mix. I respect that some people just want full control and want to pay for that, it's fine, but there needs to be a socialized component more efficient than Medicare.
I'm not sure if Canada or UK are the best examples for America. Germany, Netherlands or Switzerland might be better.