WHY DOES NOT THE HEALTH CARE BUSINESS FACE COMPETITION FOR MARKET SHARE
2. Health care fails on numerous counts: a. Patients lack pertinent information about appropriate medical care b. Patients can not opt out of their health care policy when then interest are not being served. c. Patients cannot afford health care. Many middle class workers go broke paying large deductibles and expensive coverage policies. d. The health care business does not face competition for the market share. Foreign companies cannot setup business and compete for patients. The diversity and numbers of health care production is not stepping up as health care prices climb. There are a limited number of medical schools and not enough medical personnel and schools limit enrollment; as a result, the pool of licensed providers is constrained; medical personnel wages rise, resulting from increasing demand and specialization. As a result, health care has become excessively expensive, the quality poor, and the variety of provides minimal. “Health care in the United States was long provided by independent physicians, bound by professional code of ethics, and by public or not-for-profit hospitals and insurers. For profit chains began buying into the health care system in the 1990s, but suspicions about their motives fueled intense public dissatisfaction with the US health system and recent studies confirm that they offer inferior care.” 77 percent of Americans believe the government should spend more on health care; 88 percent want medicare to pay for prescription drugs; and two in three want more money spent on mental health.[Learn More ...]
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