4 ms·
What are you talking about. Health is the definition of inelastic demand. Then add the almost missing negotiating powers of a single consumer vs an insurance gi
by hedonistbot 9y ago
What are you talking about. Health is the definition of inelastic demand. Then add the almost missing negotiating powers of a single consumer vs an insurance giant and you have a very efficient system for those on the supply side of the equation and a death sentence for a lot of people on the demand side. The American system is efficient only for health insurance companies and no one else.
- peculiar 9y ago>> a single consumer vs __an insurance giant__ Exactly. And that's a result of regulations.
- hedonistbot 9y agoThen how is it possible for the rest of the developed countries with heavier government role in healthcare to provide better care that costs less?
- jrs235 9y agoMany will say that "better care" is up to opinion and debate.