tag:blogger.com,1999:blog-29223331.post2595723046036566615..comments2024-01-24T11:15:02.475-06:00Comments on Sen Sen No Sen: UPDATED: The Need for a Bigger BoatPBIhttp://www.blogger.com/profile/05643553811799195520noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-29223331.post-4114556139258397072008-03-05T09:54:00.000-06:002008-03-05T09:54:00.000-06:00Thanks for stopping by.I agree that the health and...Thanks for stopping by.<BR/><BR/>I agree that the health and health insurance industries are heavily regulated in the sense that they are forced to meet certain requirements. Health insurance companies are not, however - at least to the best of my knowledge - prohibited from competing against one another, and the regulations under which they operate are essentially market conditions because they apply to all participants. In truth, there is no such thing as a free market in any industry or sector in the U.S. economy; regulation is simply a matter of degree. <BR/><BR/>My reason for raising the point that "current conditions in many ways represent a failure of the free market" was to draw a distinction between the private enterprise model which is touted by its proponents (or at least by the people against so-called "socialized medicine") as the path we should continue to follow, and to point out the potential repercussions for the philosophical approach to other issues.<BR/><BR/>PBIPBIhttps://www.blogger.com/profile/05643553811799195520noreply@blogger.comtag:blogger.com,1999:blog-29223331.post-70394873788287793082008-03-04T21:57:00.000-06:002008-03-04T21:57:00.000-06:00It's interesting that you call one of the most hea...It's interesting that you call one of the most heavily government regulated industries in the country a "failure" of the free market. There is no free market when it comes to insurance.E Melanderhttps://www.blogger.com/profile/07954364009385391625noreply@blogger.com