Free Market Healthcare Definition

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Free Market Healthcare Definition. Proponents of the concept of free market contrast it. That’s the only thing that does work.

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A free market is one where voluntary exchange and the laws of supply and demand provide the sole basis for the economic system, without government intervention. Free market health care is a system where there is minimal or no government regulation. In a free market economy, certain members of society will not be able to work, such as the elderly, children, or others who are unemployed because their skills are not marketable.

In a free market economy, the law of supply and demand, rather than a central government, regulates production and labor.

Since a free market is, by definition, one that is free from coercion, it follows that the free market is ethical; The medical industry exists almost entirely to serve people who have been rendered incapable of representing their own. “free market healhcare” is an oxymoron (with stress on the “moron” portion of the word). In reality, this form of economics is rare.