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Politics : A US National Health Care System?
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To: Road Walker who wrote (36535)5/6/2014 2:54:35 AM
From: i-node  Read Replies (1) of 42652
 
RW

You may not find it interesting enough to invest the time to read the linked article. However, it is worth skimming, then reading the comments. It gives one some sense of the damage that can be done by regulation. The author of the article is pretty far left-leaning, so the regulatory problems sailed right over his head. But the people who actually deal with this particular drug (pain/anes specialists) -- one that is absolutely essential for the time being, recognize where the production problems are.

The allegation in article seems to be, "The free market failed." Yet, as the comments point out in so many words, it isn't a free market. It is a highly regulated market (particularly in regard to Medicare/Medicaid -- when I read that post I had to look to see whether I had written it myself), and that regulation has destroyed the ability for the free markets to function correctly. This is the rather immense downside of over-regulation.

theincidentaleconomist.com
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