I'm familiar with the oligopoly, but I've never heard of "perfect competition". Makes sense I guess, but it seems more of a fantasy or something you'd see under a dictatorship where companies are controlled very strictly.
Originally Posted by Malorn
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Is this what conservatives believes will happen? This sounds like it requires a lot of control. I think at that point you're basically creating private companies that work for the government. That and it makes the assumption that companies won't work together to mutually raise prices, which requires oversight.
If it's possible that would be amazing to have a ton of insurance companies constantly fighting for customers such that none of them can ever be put out of business and can't gain control. I mean that's essentially what a single payer system would do with controlling everything.