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And I should say, prices don't really go down. This is what happens when the suppliers get to dictate the consumption.
by acgourley 16y ago
And I should say, prices don't really go down. This is what happens when the suppliers get to dictate the consumption.
- yummyfajitas 16y agoNot in all cases, only in this particular case. The reason is that consumers have basically zero price elasticity of demand - they don't care since the insurance company is paying. If everyone switched to very high deductible insurance, that situation would change very fast.