joG
DP Veteran
- Joined
- Jul 27, 2013
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Now we all have free healthcare. That's news to me and my paycheck deductions.
I did not say health care did not cost anything, but for the consumer the act of consumption is free. This is made so by the insurance, that asks a flat fee or premium. This defines a decision structure in which the patient is consuming health care without paying the market price or, if she participates in the costs, below market prices. This is the essence of a free good, though, maybe I should have been more explicit.