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I'm currently living in Tanzania (I grew up in the US). My wife fell into a ditch and broke her tooth. The cost to get it fixed? 20,000TZS (~$10). The problem i
by mruts 8y ago
I'm currently living in Tanzania (I grew up in the US). My wife fell into a ditch and broke her tooth. The cost to get it fixed? 20,000TZS (~$10). The problem is with our third party payer system, not with the free market.
- 24gttghh 8y agoPlease explain how the US "healthcare" system is in any way run as a free market? I don't see it.
- dredmorbius 8y agoIt is a hybrid system with individuals forced into highly-disadvantaged market transactions. It has the elements ofboth market and non-market systems which benefit monopolistic suppliers.
- addicted 8y agoI couldn’t easily find average incomes, but Tanzania has a GDP/capita that is more than 60 times less than that of the US. So the $10 is the equivalent of it costing $600 There. You’re likely seeing cheaper prices because of cheaper labor and doesn’t really tell us anything about the efficacies of a free market system or a third party payer system.