| Healthcare is a monopoly because we all have to have it and the price vs demand is inelastic. Another words, if you suddenly have a heart attack you want to be taken to the hospital and cared for regardless of the cost. We only think about the cost after we are healed because there is no time to shop or compare competition. No competition = monopoly.
The government is probably the best way to regulate or handle a monopoly. Otherwise it is very possible for the supplier to take advantage of the consumer.
But like I say, if you can find even 1 example of a county using private healthcare doing it better than England, then I would say do it that way.
Clearly what the U.S. has right now is broken very bad. It can't get any worse than it is. |