3 ms·
Because there are people that do not get healthcare today because it is above their affordability. If net income for a large amount of people is 100 U$S, and h
by conanbatt 9y ago
Because there are people that do not get healthcare today because it is above their affordability.
If net income for a large amount of people is 100 U$S, and healthcare service costs 101U$S, the jump from 101 to 96 would surge in demand.
Medical services have low elasticity but there are millions of people in america not getting medical service.