Why The Health Insurance Market Is NOT Competitive

Via Ezra Klein (the policy wonk du policy wonk of Health Care):

Employees, in other words, don't worry too much about the cost of their health insurance because they think their employer is picking up the tab. Employers don't worry too much about the cost of health insurance because they know employees are picking up the tab. And so there's no real constituency for cost control. If either group were actually experiencing the full cost of health insurance, the constituency for reform would be a whole lot larger than it already is.