Market Failure in the U.S. Health Insurance Markets by the end of 2008/ The Solution of Regulated Markets established by Government.
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Market Failure in the U.S. Health Insurance Markets by the end of 2008
- All markets for goods and services are more or less dependent on and subject to some form of public/government rules and regulations if they are to function fairly and properly.
- Sometimes there are serious Market Failures, as there were in the market for health insurance in the U.S. by 2008.