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Why free market healthcare doesn't work

augcaesarustus
Posts: 383
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12/5/2017 9:53:07 AM
Posted: 7 months ago
Free market healthcare doesn't work for one reason:

1) the restriction on the supply of doctors and medical professionals.

Low supply, and high demand = high prices.

Therefore, government coercion is necessary to control costs.
PointyDelta
Posts: 4
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12/5/2017 3:53:00 PM
Posted: 7 months ago
At 12/5/2017 9:53:07 AM, augcaesarustus wrote:
Free market healthcare doesn't work for one reason:

1) the restriction on the supply of doctors and medical professionals.

Low supply, and high demand = high prices.

Therefore, government coercion is necessary to control costs.

Wrong. https://www.jstor.org...

Akerlof wrote a paper on this in 1970 which he won the nobel prize for. Read it.
augcaesarustus
Posts: 383
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12/6/2017 2:51:45 AM
Posted: 7 months ago
At 12/5/2017 3:53:00 PM, PointyDelta wrote:
At 12/5/2017 9:53:07 AM, augcaesarustus wrote:
Free market healthcare doesn't work for one reason:

1) the restriction on the supply of doctors and medical professionals.

Low supply, and high demand = high prices.

Therefore, government coercion is necessary to control costs.

Wrong. https://www.jstor.org...

Akerlof wrote a paper on this in 1970 which he won the nobel prize for. Read it.

This doesn't talk about healthcare. What's the relevance of this article?
PointyDelta
Posts: 4
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12/6/2017 8:19:57 AM
Posted: 7 months ago
At 12/6/2017 2:51:45 AM, augcaesarustus wrote:
At 12/5/2017 3:53:00 PM, PointyDelta wrote:
At 12/5/2017 9:53:07 AM, augcaesarustus wrote:
Free market healthcare doesn't work for one reason:

1) the restriction on the supply of doctors and medical professionals.

Low supply, and high demand = high prices.

Therefore, government coercion is necessary to control costs.

Wrong. https://www.jstor.org...

Akerlof wrote a paper on this in 1970 which he won the nobel prize for. Read it.

This doesn't talk about healthcare. What's the relevance of this article?

It talks about why markets fail. There's a couple of very good analyses of these online. Quick Google should turn up a few.
augcaesarustus
Posts: 383
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12/7/2017 8:08:57 AM
Posted: 7 months ago
At 12/6/2017 8:19:57 AM, PointyDelta wrote:
At 12/6/2017 2:51:45 AM, augcaesarustus wrote:
At 12/5/2017 3:53:00 PM, PointyDelta wrote:
At 12/5/2017 9:53:07 AM, augcaesarustus wrote:
Free market healthcare doesn't work for one reason:

1) the restriction on the supply of doctors and medical professionals.

Low supply, and high demand = high prices.

Therefore, government coercion is necessary to control costs.

Wrong. https://www.jstor.org...

Akerlof wrote a paper on this in 1970 which he won the nobel prize for. Read it.

This doesn't talk about healthcare. What's the relevance of this article?

It talks about why markets fail. There's a couple of very good analyses of these online. Quick Google should turn up a few.

Why don't you give me the run down?
TheMarketLibertarian
Posts: 543
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12/9/2017 10:41:50 PM
Posted: 7 months ago
At 12/5/2017 9:53:07 AM, augcaesarustus wrote:
Free market healthcare doesn't work for one reason:

1) the restriction on the supply of doctors and medical professionals.

Low supply, and high demand = high prices.

Therefore, government coercion is necessary to control costs.

Who is restricting the supply of doctors again?

Why- that would be the government wouldn't it?