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Because medicine (and medical care) is considered truly inelastic. When you need it, you need it. There's no comparison shopping or waiting until you can affor
by michaelchisari 9y ago
Because medicine (and medical care) is considered truly inelastic. When you need it, you need it. There's no comparison shopping or waiting until you can afford it.
The free market rules that work for consumer goods start to really break down for inelastic goods.