Tag Archives: health care policy

Brian Holtz: Health Care policy reform

Brian Holtz in reply to Michael H. Wislon:

Health care is subject to a superfecta of market failures:

However, health care is also subject to massive government failure such as

  • tax preferences that artificially bind health insurance to employment, hide costs from consumers, and encourage over-insurance,
  • price controls dictated by a bloated mandatory insurance program that (thanks to high senior voting propensity) is funded via inter-generational income transfers,
  • laws against interstate competition in health insurance,
  • rent-seeking through legislated preferences sought by unions and hospitals and insurers and pharmaceutical patent holders,
  • artificial barriers to entry via professional licensure and excessive safety/efficacy regulations, and
  • laws preventing insurers and consumers from agreeing on lower-cost lower-coverage insurance.
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