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Market Failure And The Failure Of Discourse: Facing Up To The Power Of Sellers
Health Affairs, 09/17/09
Vladeck BC et al. – The United States spends far more than other countries do on its health care system, but comparative data strongly imply that Americans are not receiving their money’s worth. There is much hand–wringing about spending, but little attention is paid to the main culprit: lack of market power by purchasers—something that exists in nearly all other countries.
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