Posted in Access to healthcare, Affordable Care Act (ObamaCare), Crony Capitalism, DC & Related Shenanigans, Economic Issues, Electronic Health Records, Free-Market, Government Spending, Health Insurance, Hospital Uncompensated Care / Disproportionate Share Revenue, Independent Physicians, Influence peddling, Medical Costs, Organizational structure, Patient Choice, Patient Safety, Policy Issues, Price Tansparency, Quality

G. Keith Smith, M.D. – 10 Health Care Myths, and the Truth – 10 Health Care Myths, and the Truth

Dr. Keith Smith
Dr. Keith Smith

7). Free market principles don’t apply to health care.

Free market principles always apply, in spite of all attempts by the state to thwart them.  Acting in concert and consistent with free market principles allows for the most rational and fair and least wasteful and most moral allocation of resources.  Acting in concert with the free market and its characteristic open competition causes quality to soar and prices to plummet.  Every time, no exceptions.  Patients from all over the country are using our online pricing to leverage better deals in their local medical markets, as our facility and others embracing transparent pricing are only a short plane ride away!  As hard as many hospitals are trying to avoid it, they are in a competitive marketplace whether they like it or not.  Those in the medical industrial complex who say that free market principles don’t apply to their industry are typically those who benefit from avoiding competition at all costs.

Read the full article at: G. Keith Smith, M.D. – 10 Health Care Myths, and the Truth – 10 Health Care Myths, and the Truth.

Author:

A primary care physician by training, my passion is researching and writing about the importance restoring patient centered care, supporting independent private physicians, promoting free-market solutions and seeking sustainable fiscal policy in healthcare.

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