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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.
There are two broad reasons for the government to interfere with the economy: the promotion of efficiency and equity. 1  Government policy can be most useful when there is market failure.  Definition of market failure: a situation in which a market left on its own fails to allocate resources efficiently.