3 ms·
> Intrinsic inequality of bargaining power This point is usually brought up in regards to healthcare emergencies. But emergencies only make up a small fraction
by repsilat 6y ago
> Intrinsic inequality of bargaining power
This point is usually brought up in regards to healthcare emergencies. But emergencies only make up a small fraction of healthcare spending[1].
Maybe people have less bargaining power because of agreements with providers/insurers. That's a barrier to an effective market with price sensitivity, but it's a contingent one, not a mathematically inevitable one. For much of our healthcare spending the balance of bargaining power could look like it does for food.
1: https://www.politifact.com/factchecks/2013/oct/28/nick-gillespie/does-emergency-care-account-just-2-percent-all-hea/ https://www.politifact.com/factchecks/2013/oct/28/nick-gille...