image by ©dreamstime

Image by © Dreamstime


by Eric Schansberg

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.

Read the full article: The Economics of Health Care

The views expressed on are not necessarily those of the Austrian Economics Center.