TheSapient
Critical Thinker
- Joined
- Dec 15, 2011
- Messages
- 415
Yes, it is magically bad if the federal government does it. The federal government would automatically have monopsony power and therefore be setting prices. It would be no more a negotiation than the setting of Medicare reimbursement rates. Now, if you're a proponent of single payer, where government bureaucrats frantically try to balance supply and demand in a market encompassing hundreds of millions of people, tens of billions of individual decisions and $2.5T of transactions per year, by tinkering with their spreadsheets while at the same time fending off political pressure from their elected and lobbied bosses, then you'll think that's all well and good. I am a proponent of a more free market approach, which the Medicare Part D program makes some effort to be.
So "free market" means that the supplier sets prices without negotiation or input from the buyer?