The Market for Health Care

by Russ Roberts on January 16, 2006

in Health

Any time someone complains to you about how bad the market for the health care works, it’s important to remind them that most areas of the health care system are highly regulated in a top-down fashion or heavily subsidized.  The top-down part is often hidden, but today, at least, it’s out in the open.  From the New York Times (rr):

With tens of thousands of people unable to get medicines promised by
Medicare, the Bush administration has told insurers that they must
provide a 30-day supply of any drug that a beneficiary was previously
taking, and it said that poor people must not be charged more than $5
for a covered drug.

Someone should ask Samuel Alito why this is constitutional.


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