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Are you suggesting the government will never allow a risk-taking AOC to fail? If the government decides it will not allow a private business to fail, even when it ought to fail, then that is a problem with the government, not with the market. You have just proven you don't understand how markets work. And if you think the government really is that reckless, why on earth do you want it to have monopoly over the entire health service?*
*How many times do we read about hospital scandals, sometimes years of unacceptable service and the unecessary deaths of hundreds of patients? And how often does that result in the hospital closure, change of ownership, or operator prosecution? Never, because the state is the owner and operator; it does not permit alternative ownership and will not prosecute itself. So it's business as usual.
hahahahahahahah
I have to laugh that you think you know how market operates. Moral Hazard and adverse selection. So you talk about the ACO operating within the so called market? What market is this? Is there entry and exit? Are there substitutes and compliments? It's not a market, its tendering to run public services, a market would be like the phone, car, electronics market- it exhibits properties of a market.
You have just proven you really have no idea.
If a hospital fails and close suddenly - what is the social,economic and health costs? Why did the Government take back the contract from Circle? Why didn't it just let it fail and let the hospital close and let the patients fend for themselves. Your a libertarian ideologue with no idea of how markets or what even a market is.
Tell me about the opioid crisis in the US and the massive scandal how private pharma companies paid private Drs to prescribe opioids driving the massive epidemic.
https://www.peoplesworld.org/articl...s-are-the-drug-kingpins-of-the-opioid-crisis/
The problem with your idiotic analysis that private ownership will increase efficiency gets blown apart when you see that Private healthcare providers in the US have admin costs running at about 25% of total healthcare costs way more than any Government Run Health system.
You really do not have any idea whatsoever. You have a childish understanding and that maybe an insult to children.