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That's kind of the point of prices. One major factor you consider when setting a price is what's the alternative. If the alternative is 10 years of treatment at
by bko 8y ago
That's kind of the point of prices. One major factor you consider when setting a price is what's the alternative. If the alternative is 10 years of treatment at $x a year, then you can charge up to 10 * x. You can charge more for convenience of not having to do treatment maybe less to entice this as an alternative
- tonysdg 8y agoOn the flip side, however, I imagine it's a lot harder to convince some entity -- an individual, an insurer, a government -- to pay $1 million once vs. $100,000/year for 10 (or more) years. Whether due to psychology (the former might feel more expensive) or budgeting (the latter lets you spread out the cost), the problem remains. It's going to take a non-trivial amount of effort I think to get the American (and possibly other) healthcare system(s) ready for such a change.