Squilliam on 19 February 2012
The reason why socialised health care is cheaper is that you have a monopsony (single buyer) of health care. If you want to practice in a socialised system you effectively need to sell your service to the government and as a monopsony it has the ability to pay less than what the market price may have otherwise been. On the other hand if you have large private companies with an imperitive to increase profits year after year, they'll have an incentive to not only charge more but also try to influence regulation in their favour as well.
Tease.
