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And we know that most bankruptcies in the US are related to medical expenses. The market driven US health care system murders more people than all the terrorist groups put together. I commented on the recent meningitis outbreak another example of market failure with devastating results.
Identifying one or more significant sources of market failure provides evidence of a potential case for. regulation. However, regulation frequently fails to address the identified market failure effectively and. efficiently. There is a risk that market failure may be supplanted (or compounded) by regulatory failure.