Friday, November 4, 2022

In Government-Regulated Healthcare, There Is No Competition Like No Competition

 Imagine you are a young, idealistic doctor.

  • After some years in clinical practice at a private hospital you tire of the fact that more of your time is spent filling out forms and attending staff meeting than with your patients
  • You decide to branch out and create your own little hospital, employing staff that agree with your ethos and want to offer the quality of care that patients deserve
  • Perhaps your little project with serve as a model to the world of how healthcare can be done and people will start copying it
  • However, opening a new hospital is harder than you thought it would be

Simple Solutions

  • The government limits competition in the medical sphere, driving the price of healthcare through the roof in the United States
  • Abolish certificate of need restrictions on the building of private hospitals.
  • Allow doctors, clinics, and hospitals to train and certify their own assistants to take responsibilities off the hands of highly specialized staff
  • Relax liability standards on professionals particularly when they are acting in a voluntary capacity
  • Tackle the complexity of the American medical system by creating fewer barriers to entry and simplifying the process.

https://mises.org/wire/government-regulated-healthcare-there-no-competition-no-competition

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