Health care markets fail to satisfy many requirements for perfect competition, including large numbers of consumers and firms, zero search costs, and marketability of all goods and services. Over time, health care markets have evolved to overcome the resulting inefficiencies. We combine the...

Health care markets fail to satisfy many requirements for perfect competition, including large numbers of consumers and firms, zero search costs, and marketability of all goods and services. Over time, health care markets have evolved to overcome the resulting inefficiencies. We combine the...

An accidental healthcare system -- Paging doctor Welby -- Therapy for an ailing health economy -- The managed care prescription -- Self-help -- The quality revolution -- Mending the safety net -- Reviving the American healthcare system