The Economics of Health Care and Health Insurance

摘要

There certainly are ample political difficulties in trying to reform health care and health insurance. Beyond that, one might reasonably question the free market's ability to provide health care and health insurance. That said, after the theoretical concerns about market struggle are wrestled with and the relevant empirical data weighed, those concerns generally turn out to be overblown. And, of course, the difficulties of market provision must be weighed against the sizable costs of government intervention in the markets for health care and health insurance.