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Abstractly, what are the tendencies of a multiple-payer system that lead to cost overruns? Do such systems always exhibit this tendency?
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Replying to @Loh
Practically, what makes healthcare so expensive in the US? Structurally, why do we lead in medicine, but deploy healthcare so poorly?
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The two most commonly cited realms of pricing chicanery/murkiness in the US are defense and healthcare. Same core market characteristics?
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Is there a high-level Economics class that dissects high-dollar systems like defense, healthcare, lobbying?
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