What's wrong with health care?

Nobody understands the health care marketplace and its failings better than John Goodman and, in this short interview with Reason, he breaks down the crux of the issue quite well. His most recent book, Priceless, is a great read and its title is an indication of the central argument--since individuals are not price-sensitive in health care markets, their decisions are distorted and the price structure is unable to transmit the information that it does in other markets.

Huh. I seem to recall someone else having written about that topic recently...

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