Making free markets work in medicine

One of the accepted dogmas in medicine today is that the free markets in American healthcare do not work. The evidence for this usually comes from those pointing to the expense of an American system that is not even able to provide universal health coverage.

We are told that the free market incarnated in the current fee-for-service model that pays per unit of healthcare delivered is the source of the problem. In this system, incentives for profit trump ethics, volume trumps value, and the only…

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By Anish Koka

Health Law and Policy, Business, Med Ec Blog, Money/Jun 29, 2018