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Our friends on the right say "let the free market take care of everything". That would be great, but unfortunately free market forces don't have a chance when it comes to most health care in America. In a competitive free market prices are able to adjust and become affordable; but instead we hear of things like hospitals charging $10.00 - $15.00 each for tablets of tylenol, and overnight stays priced in the thousands.
There are two main reasons why free market forces don't come into play with health care. One of them can't be helped, but one of them can. First, because of it's nature, health care is rather hard to shop for. Many times a person doesn't even know what they are suffering from. Tests and lab work are often required. Just coming up with a proper diagnosis can sometimes cost a fortune, a second opinion only adds to the cost. Fixing your body just doesn't work the same way as fixing your car- where you get three estimates from different repair shops and take the best price.
The second reason free market competition is stifled in health care (and the real problem) is that large corporate insurance companies own the hospitals and control the prices. And, unfortunately for the rest of us, there is absolutely no incentive for them to ever let costs go down. It is not in their best interest; for if health care prices were to ever become affordable people wouldn't buy as much insurance. Owning and controlling both ends of the health care system is great for the corporations: they can charge you a premium, make you meet a deductible, deny care when they want, and then pay themselves for providing care in their own hospitals.
There is, however, one area of medicine where costs are coming down due to competition and free market forces. These are things such as LASIK eye surgery and other procedures to correct vision. Because they are elective the corporate insurance companies do not sell coverage for nor try to control the clinics where these types of procedures are performed. With the insurance companies out of the picture true free market forces have a chance to work. Wouldn't it be great if this were the case with all medical costs?
Where is the outcry from all the free market loving Republican Conservatives on this flagrant abuse of the free market system?
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