Get the latest news, research, commentary and analysis on what is impacting your quality of life. From top scholars to regular citizens, this blog’s contributors make the latest in empirical research on economic freedom accessible and easy to understand, issue by issue.
Consumer Choice in Health Care
The health care industry in America can be called many names, but “free-market” is not one of them.
In this video Professor Steve Gohmann walks through the current state of health care insurance in America and where it has gone wrong, pointing out the how cronyism and regulation have lead to a system that’s far from economically free.
“We compared [health care rules and regulations] across all fifty states, and what we found was that states with fewer mandates had lower premiums, and certain mandates would cause premiums to be much higher than other mandates. The problem with that is, the more mandates you have and premiums go up, fewer people have insurance. And so then we have more of a problem with people being uninsured.” -Professor Steve Gohmann