A Spontaneous Order: The Capitalist Case For A Stateless Society by Christopher Chase Rachels

Author:Christopher Chase Rachels [Rachels, Christopher Chase]
Language: eng
Format: epub
Publisher: Jacksons - Balham, London
Published: 2015-07-22T05:00:00+00:00

Of course, a skeptical person may be worried about the quality or shade of free market health care providers as they are not forced to submit to State-set minimum standards. These standards, however, may easily be supplanted by private accreditation firms or other third-party ratings agencies akin to Consumer Reports. In free markets, reputation is vital to the success of every firm in every industry. Without State oversight or monopolistic boards of approval, transparency will increasingly be demanded of medical providers. When reputation markets inform and determine massive consumer choice (imagine a vast and detailed Yelp), companies and associations that refuse to allow third-party evaluations will be pressured accordingly. What is more likely: any quality health care firms would be more than happy to submit themselves and their staff to third-party evaluations as a means of distinguishing themselves from the competition and to assure any prospective patrons that their services will be performed safely and efficiently. Firms which do not submit themselves to such independent, third-party evaluations would be seen as suspect when compared to their more transparent counterparts.

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