3 ms·
This is true. Capitalism is at it's best when it manageably distributes supply and demand forces in a minimal surface, maximizing net utility via the price leve
by planetsprite 4y ago
This is true. Capitalism is at it's best when it manageably distributes supply and demand forces in a minimal surface, maximizing net utility via the price level and transactions. It's at its worst when those at one side of the transactions (healthcare buyers) are systematically denied information and held hostage via contracts.
The American healthcare system operates on this, and it's such a valuable tactic that it's worth more to waste resources on managing this degree of litigation than just charge reasonable amounts.
In more cases on average, the healthcare providers must be making a net profit via these tactics, otherwise they wouldn't do it. The fact that this tactic is even theoretically profitable means the system is fundamentally broken.