By Kevin Carson
“Grocery insurance” is a popular analogy among free market advocates, for explaining why third party payments eliminate price competition and contribute to medical inflation: when your insurer only requires a small deductible for each trip to the supermarket, you’ll probably buy a lot more T-bones.
Unfortunately, what we have now is a system where the government, Big Pharma, the license cartels, and bureaucratic high-overhead hospitals act in collusion to criminalize hamburger and make sure that only T-bones are available, and the uninsured wind up bankrupting themselves to eat. A lot of uninsured people would probably like access to less than premium service that they could actually afford. …