Why is healthcare so expensive in the United States? How would it be different in a true free market?
TL;DR: If private healthcare is better, why is it so expensive in the states. How would medical costs change in a truly free market.
Hi guys. I consider my self to be a libertarian (minarchist), and one of the things that still leaves doubt in my mind in terms of the free market is healthcare. Where I live we have a socialized healthcare system, and It’s pretty decent. And as much as it’s convenient, I disagree with it because the money it relies on has to be taken by force from each citizen. I like the idea of having private healthcare because it gives the you more freedom and makes the individual responsible for their own health. And that’s assuming you even want healthcare in the first place. And a person would never be forced to pay for the care of someone else. Not to mention the life saving innovation that results from competition in the market.
But the thing that concerns me is cost. Would private healthcare be too expensive for poor people to afford like it is in the USA? The argument that I’ve heard is that the government is responsible for driving prices up. I’d love to learn more about this. How would a free market healthcare system differ from what they have in the states.
Article from r/Libertarian: For a Free Society