Markets work best when policies incentivize transparency and competition. Healthcare is no different. By empowering competition, policymakers can incentivize innovations and efficiencies that will improve quality and promote greater healthcare affordability.
Making healthcare more affordable requires reforms that strengthen competitive markets, as I outlined in a recent Pacific Research Institute1 paper. Unfortunately, as we’re seeing in California and elsewhere, the trend in government is away from competition and toward fewer choices, hurting patients and increasing costs.
When applied to other industries, promoting more competition is uncontroversial. It is widely accepted that economic competition fosters innovation, which drives quality higher and costs lower.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
How Competition Drives Healthcare Innovation & Affordability
Wayne H Winegarden
Markets work best when policies incentivize transparency and competition. Healthcare is no different. By empowering competition, policymakers can incentivize innovations and efficiencies that will improve quality and promote greater healthcare affordability.
Making healthcare more affordable requires reforms that strengthen competitive markets, as I outlined in a recent Pacific Research Institute1 paper. Unfortunately, as we’re seeing in California and elsewhere, the trend in government is away from competition and toward fewer choices, hurting patients and increasing costs.
When applied to other industries, promoting more competition is uncontroversial. It is widely accepted that economic competition fosters innovation, which drives quality higher and costs lower.
Read the entire op-ed here.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.