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Volume 18  Number 3  •  Winter 2014
Other Issues:  

The Economics of Health Care and Health Insurance
By D. Eric Schansberg
This article appeared in the Winter 2014 issue of The Independent Review

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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