Comments on: Why “free market competition” fails in health care

By: clashroyalegems4u

clashroyalegems4u — Wed, 31 May 2017 09:39:23 +0000

The free market is none of that, which is why the true economics of US health care will continue to remain mostly hidden from the American public and health-care consumer.

By: Health Care Reform: The Next Stage, Part 1 | X-Ray Technician Source

Health Care Reform: The Next Stage, Part 1 | X-Ray Technician Source — Fri, 07 Oct 2011 08:19:53 +0000

[…] are exceptions: as health care consultant Joe Flower points out: “In some cases, such as cosmetic surgery or laser eye corrections, the decision is clearly one […]

By: Linda Dickson

Linda Dickson — Sat, 02 Oct 2010 22:04:33 +0000

The demand curve which is driven by the ultimate consumer in traditional market models does not work well in this sector. First, as indicated in the artcle, the ultimate consumer does not make the choices. The doctor does. Another reason the models don’t work here is that the ultimate consumer does not understand the costs of health care so is not price sensitive. This is because they are either covered by a commercial insurance of which they pay a fraction of the cost or they participate in Medicare or Medicaid. Because a majority of patients are insured by some program and are not price sensitive, the folks that are not insured have a difficult time shifting the demand curve so don’t even enter the system unless there is no choice.

By: Jason L. Bullock

Jason L. Bullock — Sun, 14 Mar 2010 15:06:21 +0000

Socializing an industry that encompasses over 1/6th of the economy is only the first step to communism. Go live in Canada and wait in line all month.

By: www.facebook.com/profile.php?id=1076646061

www.facebook.com/profile.php?id=1076646061 — Sat, 28 Nov 2009 08:53:35 +0000

Good article which provides a basic understanding of this complicated problem we are currently facing, and will all need to deal with as taxpayers, consumers, and providers.

By: www.facebook.com/profile.php?id=1072478090

www.facebook.com/profile.php?id=1072478090 — Tue, 03 Nov 2009 17:23:04 +0000

Excellent piece Joe. Thanks.

By: John Bottorff

John Bottorff — Tue, 03 Nov 2009 17:23:04 +0000

Excellent piece Joe. Thanks.