Patent Monopolies: The Root of the Problem of One-Size Fits All Health Care Insurance

The NYT had a column by Nicholas Bagley and Austin Frakt noting the problem in the current insurance market that has all workers at a company get the same plan, regardless of their income. The price of the policy is a much larger share of a low-paid worker's wage than a high-paid worker's wage, implying a much larger effect on their after-health care insurance income.

As the column notes, a big part of this story is the high price of new medical technology. It is worth noting this high price...