Michigan Economist Offers Concise Overview of the Nature of the Health Care “Market”

Miles Kimball writes

Now might be a good time to remind the world just how far the country’s health care sector—with or without Obamacare—is from being the kind of classical free market Adam Smith was describing when he talked about the beneficent “invisible hand”  of the free market. There are at least five big departures of our health care system from a classical free market: . . .

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