Here are some ideas for a true free market system:
1. Repeal pharmaceutical patent law. Basically turn the pharmaceutical industry into the supplement industry while requiring by law that companies explicitly label any potential side effects.
2. Coinciding with above, make FDA approval for new medicine and medical techniques voluntary. Allow companies the option of testing the market and allow doctors/patients to make adult decisions for themselves.
3. Doctors and hospitals must be allowed to (or forced to) explicitly advertise their prices. No AMA restrictions.
4. Get rid of the AMA. If this cannot be done, allow sub-licensing for less trained doctors to enhance supply. Not every car needs to be a Mercedes.
5. Remove red tape hampering hospital creation.
6. Remove regulations that act as barriers to entry in health insurance industry.
7. Drastically reduce hospital administrative costs.
8. Repeal Medicare/Medicaid.
9. Allow buying of health insurance across state lines.
10. No subsidies or bailouts.
11. Fix malpractice law so restitution is more proportional to the crime.
Higher quality, lower prices, more choice, and all without a new burdensome entitlement program we can't afford.
>>135583564
>2. Coinciding with above, make FDA approval for new medicine and medical techniques voluntary. Allow companies the option of testing the market and allow doctors/patients to make adult decisions for themselves.
You have now left the door open to snake oil salesmen, to see shit to people that does nothing or makes them sicker.
>3. Doctors and hospitals must be allowed to (or forced to) explicitly advertise their prices. No AMA restrictions.
Accomplishes nothing because people don't shop for healthcare like they do for groceries. This is especially true for emergency care: you want to get to the closest hospital if you're having a heart attack, not shop around and compare prices.
>4. Get rid of the AMA. If this cannot be done, allow sub-licensing for less trained doctors to enhance supply. Not every car needs to be a Mercedes.
Healthcare is not a car. You don't need a car to live, you do need healthcare and exceptional competence of doctors and nurses to live.
>7. Drastically reduce hospital administrative costs.
Caused by free markets and insurance companies. Private insurance companies have massive overhead costs, while Medicare has it at a few percentage points of total spending.
>8. Repeal Medicare/Medicaid.
Retarded.
>9. Allow buying of health insurance across state lines.
Same issue as with "shopping" for healthcare prices.
>Higher quality, lower prices, more choice, and all without a new burdensome entitlement program we can't afford.
America spends more than every industrialized nation for healthcare with worse outcomes. Single payer would reduce costs, and give people better care. When you shop for a car, you can choose from all kinds of models and dealerships, and you also have the choice to not buy any of them and just use a bike to get around - that's a market. With healthcare, you need to buy certain services and drugs to get better or get sicker or die if you don't - that's not a market.
>>135586520
>You have now left the door open to snake oil salesmen, to see shit to people that does nothing or makes them sicker.
If they don't do anything, people won't buy them and doctors won't recommend them. If they make them sicker (something which some pharmaceuticals already do) without warning them that it was a potential outcome, they have committed a crime.
>Accomplishes nothing because people don't shop for healthcare like they do for groceries. This is especially true for emergency care: you want to get to the closest hospital if you're having a heart attack, not shop around and compare prices.
That is because prices aren't listed and everything is negotiated behind the scenes by individuals other than the patient. With regards to emergency care, you are right, however the new introduction of actual price competition will have already lowered prices.
>Healthcare is not a car. You don't need a car to live, you do need healthcare and exceptional competence of doctors and nurses to live.
The AMA is all about restricting the supply to make the price rise. You don't need eight years of medical school to perform all the functions a small family care doctor would.
>Caused by free markets and insurance companies. Private insurance companies have massive overhead costs, while Medicare has it at a few percentage points of total spending.
Caused by massive over-regulation.
>Retarded
Genius. Why do you think tuition keeps rising? Student loans for everyone.
>Same issue as with "shopping" for healthcare prices.
Because we all know competition leads to higher prices right? Oh wait, that's monopoly. As in, government monopoly of healthcare otherwise known as socialized medicine. The military never wastes money, right?
>America spends more than every industrialized nation for healthcare with worse outcomes,etc.
All because of government intervention.
https://mises.org/blog/does-britain-have-world%E2%80%99s-best-health-system-only-if-you-ignore-outcomes