u/Full-Mouse8971

"No, the same market forces DON'T work for medical care as work in any other industry. If you get hit by a truck, ir have a heart attack, or a stroke, you can't just shop around for the cheapest medical care, and you have very little meaingful way of assessing quality, and if you decide you can't afford any of the care offered, you die or are crippled for life.

Regulations are written in blood. The practice of medicine and the provision of insurance were both regulated to try to curb truly horrific abuses by practitioners, hospitals, and insurers against people who needed care.

Medical care was a lot cheaper when we didn't actually have much advanced medical care that we could do."

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How I would respond:

Personally, I believe medical care costs would be a fraction of what they are if they were not regulated to death, and if you were worried about a medical disaster insurance exists, the same way you could ensure things against acts of god such as house fire, tornado, car accident, etc. The but major point is, under a truly free market prices would be drastically lower and services less scarce.

Regulations is government interference with voluntary exchange in the market that only curbs competition, increases bureaucracy costs and enables monopolies. As if the minimum sq ft regulation by local government is saving me from death barring me from building a house <1500 sq ft.

CRT tv's and computers were rudimentary 40 years ago and cost multitudes more then more advanced tech we have today.