What purpose does this serve?
Well, we’ve set up a hideous Nash Equilibrium where health providers, insurers, pharma corps, and governments all stand to save money by relentlessly trying to gouge one of the others into paying for everything.
We are simultaneously trying to (1) sort of externalize the cost of health care (lest the market price individual human lives (not that it doesn’t, but we try)) while (2) using the market to make things efficient…somehow. Outcome: nonsense.
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