Comment 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 externalitiesThese factors led to health care being provided by the public sector in most of the countries. parent vhhn 4 years ago
* 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.