Are government regulations and subsidies necessary for the provision of health care and health insurance—or could an unfettered market provide them? Economic theory suggests several factors that might prevent a free market in health services from performing like the competitive-market ideal, but concerns about them are overblown.

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Other Independent Review articles by D. Eric Schansberg
    Summer 2018   Coal Miners, Class Differences, and the Unpopularity of Isms
    Fall 2004   The Poverty of Welfare
    Summer 1998   Money for Nothing
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