Allowing free entry to the arbitration market would allow firms to compete over the right to interpret and enforce contracts between doctors, patients, and insurers. This situation of dynamic competition will lead to a more efficient allocation of risk burden and make healthcare more accessible and valuable for all consumers.
Ironically, you would think that a film called Broke: The New American Dream would be pessimistic and depressing, while a film called Capitalism: A Love Story would be upbeat and positive. The opposite is true.
It is neither the job of government nor the business of any individual to prohibit, regulate, restrict, or otherwise control what a man desires to eat, drink, smoke, inject, absorb, snort, sniff, inhale, swallow, or otherwise ingest into his body.
"The idea that we must choose between public healthcare and politicized-private healthcare is false. We can also move to depoliticize the healthcare industry."
Even America's poorest people nowadays can afford automobiles, cell phones, and TVs. Yet a significant number of social critics wish they couldn't.
There was a time not too long ago when America's healthcare was considered the best in the world and it was affordable to all.
It’s true that the US health-care system is a mess, but this demonstrates not market but government failure.
With such consumers in mind, we can assert with confidence that a health insurance mandate must, by praxeological definition, decrease consumer welfare and thus make the economy less efficient.
It is a betrayal of our duty to our patient to use any consideration of some greater social good defined by the government to alter the best course of action for the patient.
