Posted December 28th, 2009
by admin
Justin asked: The American Medical Association has been lobbying to keep the supply of doctors low in America so that their salaries will stay inflated. Why aren’t liberals outraged by this behavior?
If the supply of doctors were increased, and many other restrictions lifted, it would lower the cost of medicine significantly.
More doctors = more healthcare = lower prices.
http://mises.org/story/1749
Tags: Medical Doctors, Monopolies, Monopoly
Posted in Politics | 6 Comments »
Posted November 16th, 2009
by admin
Bruce asked: Whether by a “single-payer” socialized medicine system or by government-subsidized “insurance” that deeply undercuts private rates, effectively driving out private insurers, Democratic schemes promise a government monopoly on medical care. Would we be better off under a government-enforced monopoly funded by high taxes or under a competitive free market where companies vie to supply better medical care and insurance at cheaper prices?
Some considerations:
1. How successful has government been in running other monopolies, e.g., the postal service or public schools?
2. In general, do monopolies (e.g., cable companies) supply goods and services better than competitive markets?
3. Today, it may cost a billion dollars to research, develop, and market a medicine. Who takes the risk to develop expensive new medicines and medical technology under government monopoly?
Tags: Cable Companies, Monopoly, Single Payer
Posted in Government | 9 Comments »
