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The problem is that health care in the USA is treating an inelastic product as an elastic product. Market fundamentals don't really work and medical suppliers c
by stjohnswarts 4y ago
The problem is that health care in the USA is treating an inelastic product as an elastic product. Market fundamentals don't really work and medical suppliers can charge much more than they could in a truly competitive market. If you have a stroke or heart attack without good insurance, your choice is basically "do you want to live and go bankrupt or die and leave an inheritance", most people choose the former.