3 ms·
> This is (mostly likely) a rent-seeking situation where a few providers who are allowed in the market are milking it for all the profit they can. That is also
by chiefalchemist 5y ago
> This is (mostly likely) a rent-seeking situation where a few providers who are allowed in the market are milking it for all the profit they can.
That is also known as demand. They do because they can.
- skohan 5y agoMany of your comments reflect a misunderstanding of basic economics
- chiefalchemist 5y agoI'm the downvotee. I think they understand economics. Who doesn't? What they refuse to admit is: 1) Healthcare is a limited resource, like anything else. 2) Prevention, which few if any "leaders" highlight, is a viable alternative to healthcare price increases. Are there there some nefarious undercurrents? Yes, of course. But to blame all our ills - and remove diet, lifestyle, etc. - on ever increasing demand only makes the current system stronger. People who believe they have no control aren't part of the solution.
- skohan 5y agoI recommend reading up on the laws of supply and demand.