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If healthcare is an inelastic resource, the private sector won't make any more if you throw more money at it, and will just re-allocate it to those who can pay

by wisty 15y ago

If healthcare is an inelastic resource, the private sector won't make any more if you throw more money at it, and will just re-allocate it to those who can pay the most.

spindritf 15y ago
Scarce doesn't mean inelastic and health care -- especially basic one including antibiotics, vaccines, etc. -- is not inelastic, you can get more, as much as you like, really, if you divert resources from other pursuits.
- aiscott 15y ago
  Doctors are what I had in mind.