Health Care and the Free Market

IPAB

Dr. Dan Eichenbaum

Once upon a time in our country, we had true free market medical care. Doctors and patients interacted with each other by the free exchange of goods and services. Competition based on quality, location, availability, and price enabled patients access to the care they needed, and most physicians understood their role in providing healthcare to all.

For the most part, the destruction of that system has been achieved by the cooperative efforts of the insurance industry to increase its profits and by state and federal governments to increase control over people. As your physician examines you, a representative of your insurance carrier and a bureaucrat from HHS are in that room with you. They determine the extent and quality of the care your physician is allowed to provide for you. And you have little or no recourse.

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