{"id":119,"date":"2007-10-03T09:49:45","date_gmt":"2007-10-03T16:49:45","guid":{"rendered":"http:\/\/elbertcounty.net\/blog\/2007\/10\/03\/goodmans-law\/"},"modified":"2007-10-03T09:49:45","modified_gmt":"2007-10-03T16:49:45","slug":"goodmans-law","status":"publish","type":"post","link":"https:\/\/elbertcounty.net\/blog\/2007\/10\/goodmans-law\/","title":{"rendered":"Goodman&#8217;s Law"},"content":{"rendered":"<p>From <a rel=\"bookmark\" href=\"http:\/\/www.john-goodman-blog.com\/liberating-the-supply-side\/\" title=\"Permanent Link: Liberating The Supply Side\">Liberating The Supply Side<\/a>\u00a0by John Goodman\u00a0<\/p>\n<blockquote><p>Ask yourself this question: If Blue Cross were paying all the drug bills, would Rx.com even exist today? Would Wal-Mart be offering $4-a-month prescriptions? Would Publix be giving away antibiotics for free?<\/p>\n<p>The fact that there is the most price competition in the market for drug therapies and the least for hospital therapies is an illustration of Goodman&#8217;s Law, which says that innovation and entrepreneurship are inversely proportional to the degree of third-party payment.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From Liberating The Supply Side\u00a0by John Goodman\u00a0 Ask yourself this question: If Blue Cross were paying all the drug bills, would Rx.com even exist today? Would Wal-Mart be offering $4-a-month prescriptions? Would Publix be giving away antibiotics for free? The fact that there is the most price competition in the market for drug therapies and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[13,6],"tags":[],"class_list":{"0":"post-119","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economics","7":"category-health-insurance","8":"entry"},"_links":{"self":[{"href":"https:\/\/elbertcounty.net\/blog\/wp-json\/wp\/v2\/posts\/119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elbertcounty.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elbertcounty.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elbertcounty.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/elbertcounty.net\/blog\/wp-json\/wp\/v2\/comments?post=119"}],"version-history":[{"count":0,"href":"https:\/\/elbertcounty.net\/blog\/wp-json\/wp\/v2\/posts\/119\/revisions"}],"wp:attachment":[{"href":"https:\/\/elbertcounty.net\/blog\/wp-json\/wp\/v2\/media?parent=119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elbertcounty.net\/blog\/wp-json\/wp\/v2\/categories?post=119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elbertcounty.net\/blog\/wp-json\/wp\/v2\/tags?post=119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}