Prototypical example: healthcare. Healthcare in the US is one of the most unfree markets anywhere. Price transparency is near zero across the board, and federal and state agencies, which engage in reverse price-fixing (mandating costs for goods and services they cover), account for over 30% of all healthcare spending.

Coupled with the copious regulations around insurance, pushing it out of the realm of reasonable affordability for all but the biggest corporations, and insurance companies' backroom dealing with major healthcare providers, price discovery for the consumer is basically dead.

As a result, US healthcare costs have ballooned out of control compared to everywhere else in the world, with no measurable improvement in outcomes.