In many ways, the RAND Health Insurance Experiment confirmed what common sense would have predicted in any event. That doesn't diminish its importance. Some of the most significant studies in economics have confirmed common sense. And in health policy - where common-sense thinking is such a rare commodity - these results were surely needed. Other findings, however, are more subtle. Then, as now, the health care system is a bureaucratic, institutionalized structure, in which normal market processes have been systematically suppressed.
(Finish this post here; or read the first part of this topic, here.)