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View Diary: New government data shows how messed up health care pricing is (62 comments)

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  •  Depends on what you mean by "free marketers." (0+ / 0-)

    The laissez-faire types are much more concerned about methods than effectiveness. They just tout effectiveness to sell it to others.

    I consider myself a big fan of markets though. Markets that actually function as close to the pure mathematics of perfect competition as possible. But those kinds of markets require transparency and availability of information to consumers that often don't freely exist in natural markets. The solution? Legislate transparency through open books and legislate availability of information through public awareness campaigns and direct disclosure. This still won't get you to a perfect market, because even with full availability people will never have enough time to learn everything (if I knew everything my doctor knew, I'd have his job), but it's a best approximation.

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