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Obamacare repeal costs: 3 million jobs gone, $1.5 trillion in lost gross state product
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Quote:Yep. And once again, because of government regulations and restrictions.Free markets don't work in healthcare. <a class="bbc_url" href='http://m.huffpost.com/us/entry/1405396'>http://m.huffpost.com/us/entry/1405396</a> <a class="bbc_url" href='https://www.publicintegrity.org/2015/06/08/17460/free-market-ideology-doesnt-work-health-care'>https://www.publicintegrity.org/2015/06/08/17460/free-market-ideology-doesnt-work-health-care</a> <a class="bbc_url" href='https://www.google.com/amp/www.forbes.com/sites/rickungar/2011/02/04/free-market-rules-dont-work-in-delivering-health-care/?client=safari'>https://www.google.com/amp/www.forbes.com/sites/rickungar/2011/02/04/free-market-rules-dont-work-in-delivering-health-care/?client=safari</a> They are a myth. One of the other reasons we tolerate unreasonably high health care costs is gullibility’s close and symbiotic relative: blind adherence to ideology. By this I mean the belief that the free market — the invisible hand Adam Smith wrote about more than two centuries ago and that many Americans hold as a nonnegotiable tenet of faith — can work as well in health care as it can in other sectors of the economy. While the free market is alive and well in the world’s other developed countries, leaders in every one of them, including conservatives, decided years ago that health care is different, that letting the unfettered invisible hand work its magic in health care not only doesn’t create the unintended social benefits Smith wrote about, it all too often creates unintended, seemingly intractable, social problems. |
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