Centralization bad – can’t replace efficient markets
Spulber 14 (Daniel F. Spulber has a PhD in economics from Northwestern University and previously ranked 6th among economics in the United States, “Prices versus Prizes: Patents, Public Policy, and the Market for Inventions,” “Northwestern University School of Law: Law and Economics Series • NO. 14-15,” URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2488095, August 28, 2014)//NTG
Government agencies would replace decentralized markets with centralized allocation. Government agencies are not well equipped to run market places. Health insurance exchanges are an example of government market place design.29 Government allocation of goods and services often entails high administrative costs, significant transaction costs, and allocative inefficiencies.30 Historical evidence suggests that state and federal regulation led to considerable allocative and dynamic inefficiencies in markets for electric power, natural gas, telecommunications, railroads, trucking, and airlines.31 Increased regulation in health care can be expected to generate similar allocative and dynamic inefficiencies.32