Health

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Henry Richey

Allowing free entry to the arbitration market would allow firms to compete over the right to interpret and enforce contracts between doctors, patients, and insurers. This situation of dynamic competition will lead to a more efficient allocation of risk burden and make healthcare more accessible and valuable for all consumers.

Henry Richey
How would truly free-market hospitals handle patients who are now free riders? There is every reason to expect that the uninsured would be treated more humanely and with greater dignity than they are in the current quasi-socialist system.