Why market competition has not brought down health care costs

Gerald Friedman, Ph.D. is a Professor of Economics at the University of Massachusetts.  Every year America spends more on health care than we did the year before. This past year our country spent an average of over $10,000 per person! Currently, health care is a hotly debated political topic. Some are advocating market competition, while others believe that it’s to blame. Jerry Friedman discusses why he believes market competition hasn’t brought down health care costs.