If you get sick or suffer a serious injury, you not only want medical care, you want quality medical care. What’s the best way to get it? Through a government-run program like Medicare for All or through our current free market system? Stanford policy expert Lanhee Chen has the answer in this video from Prager University. Get informed. After all, this is your health we’re talking about.
Regulatory capture occurs when regulatory agencies become dominated by the very industries they were charged with regulating, prompting regulators to advance the goals and interests of those industries. While regulation is necessary and can be done well, it must always be balanced against the potential for unintended consequences that harm the consumers it is intended to protect.