Friday, August 8, 2008

Laissez-fair, or Consumer-oriented, Health Care

Since many Americans, especially those on the left, seem to imply a general misunderstanding of "Laissez-faire" by applying it to the United States' Mixed Economy and current Health Care System, I shall outline what is meant by a Laissez-faire health care:

1) Repeal of FDA drug-approval requirements, prescription laws, drug-development regulations, and restrictions on the dissemination of information.

2) Repeal of State and Local regulations for medical schools and hospitals, occupational licensing, diagnosis and referral, the employment of doctors by for-profit firms, non-physician ownership of medical firms, the use of brand names, the operation of multiple branch offices, the location of health-care facilities, and marketing practices.

3) For prepaid health plans and hospitals, it would mean the repeal of regulations on benefit packages, enrollment requirements, rate setting, and facility expansion.

4) Laissez-faire policy implies a consumer-oriented market for Health Care; this would mean "tax exclusions" for employees rather than employers, which would result in more portability between jobs, and individuals owning and control their own policies, forcing insures to compete for their business.

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