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Comment by vhhn

There are several factors that make healthcare a specific type of product that laissez-faire markets fail to efficiently produce by nature:

* tight connection to insurance

* typical consumer-producer relation relation broken into consumer(patient)-prescriber(doctor)-producer-payer(insurance or government)

* large externalities

These factors led to health care being provided by the public sector in most of the countries.

parent vhhn 4 years ago

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