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If you want a preview of a market failure, look at midwifes in Germany. Low pay and skyrocketing insurances drove most out of them out of business and no one ad
by endymi0n 11y ago
If you want a preview of a market failure, look at midwifes in Germany. Low pay and skyrocketing insurances drove most out of them out of business and no one adjusted the rates. Lots of them aren't working anymore in the job they learned and loved. It's next to impossible now to get one - and you don't even know or appreciate that job until you're getting kids yourself: A target demographic that's just too small by now to make enough noise to bring them back.
- icebraining 11y agoFrom Spiegel: The midwives are demanding 30 percent greater pay for the services they provide that are covered by insurance providers with the national healthcare system. However, the pay rise faces an uphill battle since it would require that an exception be made in German legislation limiting the payments made by insurers for certain types of care. How is this a market failure?