Source: Free Association
by Sheldon Richman
“Contrary to a popular article of faith, America has no free market in health care — far from it. Consider this: the largest lobby in Washington, D.C., is — wait for it — the health care and health insurance industries. Last year, they spent 5.8 times the amount the ‘defense’ contractors spent on lobbying: $800 million versus less than $200 million. This may have many explanations, but the fact remains: a free market in health care would not see massive lobbying. Based on what Congress and regulatory agencies do, we can be sure that the health care and insurance industries are not by and large lobbying for less government. If so, they are doing a rotten job.” (06/21/24)
https://sheldonfreeassociation.blogspot.com/2024/06/tgif-what-free-market-in-health-care.html