Friday, August 24, 2018

How does health care differ from ``textbook'' industries?

The incentives are all screwed up:
  • Most of it is purchased with Other Peoples' Money:  (Stossel Video)
  • Incumbents can keep out new entrants (Managerial Econ blog post)
  • Providers can create their own demand (Managerial Econ blog post)
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