We have tried market competition in healthcare

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Many critics argue that we have tried market competition in healthcare and it didn’t work. We have continued to see the cost of care rise. More and more, consumers are having to pay for costs out of their own pocket. For this assignment, discuss the differences between a medical market and a competitive market. Be sure to include some discussion on demand-side and supply-side failures. Discuss the ways in which medical markets can be more competitive. Lastly, comment on the idea that the poor are at a disadvantage in a competitive market.

Reference no: EM132252381

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