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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.
Government Failures and Market Failures Government failure occurs when the government intervention in the market to improve the market failure actually makes the situation worse. Reasons for Government Failures Governments do not have an incentive to correct the problem.