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Foundation for Economic Education
The biggest problem with US health insurance is that it distorts prices. Comment “Healthcare” and we’ll send you the ful
Foundation for Economic EducationOctober 24, 2026

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The biggest problem with US health insurance is that it distorts prices.

Comment “Healthcare” and we’ll send you the full video. An Oregon Medicaid experiment found that expanding coverage improved financial protection and access to care, but after two years produced no statistically significant improvement in several measured physical health outcomes. That should make us think carefully about what insurance is for. When routine services are prepaid through insurance, patients see fewer prices and have less reason to compare options. At the same time, regulations can restrict what providers are allowed to offer. Better healthcare requires less distorted prices, more consumer choice, and fewer barriers to supply.
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