Comment by calebm

I consider myself a "pragmatic libertarian", and by "pragmatic", I mean I'm in favor of legislative intervention when the free market often goes awry. Examples of this would be combating monopolies (since I don't want feudal system 2.0) , preventing immoral practices (like child labor), and controlling prices when there is no competition at work, such as utilities. It seems that with hospitals, there effectively is no competition-driven pricing pressure due to unpublished pricing. This seems like a place ripe for legislative intervention... but perhaps the medical industry is so bad that it would be better to just nationalize it.