Why medical care is a potentially inefficient market?

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Why would we want the so called "free market" to run health care?

If people get sick and the free market gets to decide how to ration, then people with serious disease wouldn't get treatment. It is simply inefficient in terms of money vs results. Just as it is inefficient to treat anyone who shows up at the ER in terms...

Answer:

The free market almost always does a better job than the government

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i_was_my... at Yahoo! Answers Mark as irrelevant Undo

Other solutions

Obamacare Rollout & Struggles (2013–14): Why would a government-run single-payer health care system be better than one that relies on the free market?

Or if you don't believe in any free market possibility, can you answer why a voucher system might not be a reasonable alternative to a single payer system. Health care delivery is a complex and emotional/moralistic issue, no doubt. What I want to understand...

Answer:

The Free Market system you refer to is designed to generate profits. In general, profits are obtained...

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Eric Vicini at Quora Mark as irrelevant Undo

Why does free market economics NOT influence the cost of health care in the USA?

It would seem to me that the services surrounding health care would be motivated to decrease their costs and prices to compete with each other for patients. For example, the cost of hospital care skyrockets compared to wages, products and services in...

Answer:

That's a very interesting question, as the US have the most expensive health system in the world, while...

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torskie at Yahoo! Answers Mark as irrelevant Undo

Given the free market, why is American health care so expensive and inefficient?

There is a lack of integration between providers. There is little economies of scale (doctors are often in small groups). There are often duplicate procedures. There are high overhead costs by both the providers and the insurers in billing. There are...

Answer:

This is a great question, and it's a very controversial one. Most people are going to say that "...

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Frst Grade Rocks! Ω at Yahoo! Answers Mark as irrelevant Undo

Why do people think government an provide health care better than the market?

People have faith in the government to save them from the high cost of health care. But it is the government's fault health care costs are so high. We are over regulated and there are too many lobbyists. People trust the government to give good care...

Answer:

The short answer is that they have been "educated" in public (government run) schools. I like...

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righteou... at Yahoo! Answers Mark as irrelevant Undo

Why should anyone care whether the stock market is up, down, or even doesn't exist at all?

As a lifelong hard working middle class American, I have never had a moment in my life when I cared a thing about the stock market---up, down, or whatever. What's the point of worrying about what's happening in the stock market? Why would anyone put...

Answer:

Most people don't care. Those who do are primarily greedy individuals who foolishly invested their money...

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platters... at Yahoo! Answers Mark as irrelevant Undo

Why do rich people care about stock market?

care about the stock market. i have no money there why do i need to wooory about it going down or not can someone tell me. becacause where i work give me no free money for the stock ...show more

Answer:

I think you are missing the point. The stock market is a quick, general way to measure how healthy ...

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DQRAP5GQWYOVPW6PJ6U6GBZVVY at Yahoo! Answers Mark as irrelevant Undo

Why would Investors care if their Bonds' Market interet rate INCREASES...aren't they getting paid the same?

Lets say a bondholder A buys a bond for $1,000 with a 10% interest paid annually..then after he buys it...the market interest rate of the bond increases to to 15%...therefore issuers would have to sell their bonds for a less amount like $700...Would...

Answer:

The only reason he would care is that he will still be getting 10% on the bond but everyone else is...

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kmtmatri... at Yahoo! Answers Mark as irrelevant Undo

Why Apple doesn't care about the reading market between 3.5" and 9.7"?

... while there are a lot of reading devices in the 6" to 8" market. Samsung Note is popular in the 5.x" market. Isn't the iPad too heavy and iPhone too small, for reading purposes?

Answer:

Steve Jobs talked about this when he hopped on an earnings call a couple of years ago Second, almost...

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Brian Papa at Quora Mark as irrelevant Undo

If health care is a problem why isn't anyone asking about how the govt has kept the free market from working?

I heard yesterday on TV, a guy who was saying that in his state he had a list of one health care insurance company from which to choose. Would not his situation change if that list grew to twenty-five or more? I am thinking that these billion dollar...

Answer:

I don't know why this guy only had one company in his state. But I do know that some car and home insurance...

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paul s at Yahoo! Answers Mark as irrelevant Undo

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