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Originally Posted by Undertoad
This is Economics 101 stuff, and sadly the healthcare companies have taken the course and government has not. You can see a smaller, but similar effect in the price of college tuition, which also rose (at 10%/year a few decades ago) to meet what government was putting into it.
The market forces do not go away simply because you use government to try to "fix" the inequities in them.
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I gave my 12 year old this speech last night. She'll spring it on her very conservative civics teacher next week some time and blow her mind. (her teacher loves her willingness to argue politics even if Iraq/environmental issues create the illusion that they are always on opposite sides)