Failures of the Free Market: US healthcare

One of the things that continues to amaze me about the US is that Americans seem to believe they have the best healthcare in the world. Truth is, Americans have the most expensive healthcare in the world. A few of them have excellent healthcare, but most get the kind of treatment you’d get in a third world nation. Bloated, blue-collar Americans—gorged on diets of fries and burgers, but denied their share of US riches—are bringing the nation’s steady rise in life expectancy to a halt.