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re: Problem is greed

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imho   Friday, 11/10/17 07:03:28 PM
Re: MycroftHolmes post# 129947
Post # of 168622 
re: Problem is greed
Quote:
In this case, the problem is a government created coercive monopoly.

The downward pressure on prices in a market is normally driven by competition for customers. That is why cell phones & computers fall in price year over year.

However in the United States, many states grant health insurance companies a local monopoly/cartel thus barring competition and removing downward pressure on price.


Correct. States grant health insurance companies the advantage of a local monopoly/cartel, why? Because the insurance companies aim to dominate these markets and lockout competition. It all goes back to insurance companies, special interests, lobbying and greed. The government is a conduit/middle man in all of this. As voters we have some control of the conduit, so there is hope. Still, the fundamental cause: greed.

IMHO


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