I have learned that in the free market medicine, the price of healthcare goods and services is determined freely by the agreement between the patient and the medical providers and that there is no government intervention to control demand and supply of the healthcare goods and services. In particular, this has helped improve the efficiency in providing the healthcare services by reducing cases of mismanagement as observed in the government controlled healthcare services. Additionally, the free market medicine has helped reduce the waiting time, and therefore patients can see the medicine providers more frequently (Stossel, 2013). Currently, the free ...
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