Healthcare – Where Law and Economics Fail Society – Needs the “Laboratory of Democracy”

  • Deane Waldman Emeritus Professor of Pediatrics, Pathology, & Decision Science, University of New Mexico, Albuquerque, NM, USA
Keywords: regulatory over-reach, insurance failure, BURRDEN, death-by-queue, Medicaid, third-party payment, command economy

Abstract

In the U. S., legal structures as well as economic systems fail to provide people in society with accessible and affordable life-saving medical care. Other government-run national healthcare systems called single payers experience similar medical inadequacies and dollar inefficiencies though not the legal issues of the U.S.

Systems theory identifies the government command economy with third-party payment structure as the root cause of healthcare over-spending, variable quality, slow service, and death-by-queue.  

An effective solution for healthcare system failures derives from the root cause. To make healthcare affordable and accessibl: restore rule of law, remove third-party decision-making, and infuse free market forces. The U.S. could test this hypothesis if states became “laboratories of democracy.”

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Published
2025-02-19
How to Cite
Waldman, D. (2025, February 19). Healthcare – Where Law and Economics Fail Society – Needs the “Laboratory of Democracy”. Law, Economics and Society, 1(1), p76. https://doi.org/https://doi.org/10.30560/les.v1n1p76
Section
Articles