Policy Documents

The Medical Monopoly: Protecting Consumers or Limiting Competition?

Sue A. Blevins –
January 9, 1996

In this policy fax and executive summary, Sue Bevins writes that, 

Although broad-based health care reform has temporarily moved to the back of the public agenda, there remain serious problems of cost and access in the American health care system. The underlying reason for those problems is the lack of a functioning free market in health care in this country. There is privately owned health care, but there is not a living, vibrant free marketplace in health care like there is in other products and services.

Unlike what critics claim, the free market has not failed the health care industry or consumers.  If costs are going to be controlled, and real proces are to be given as a cue to consumers, then a real market in health insurance needs to be created.