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> The prices are reasonable, and the reason is that when procedures are not covered by insurance, consumers shop around. You are doing some extremely heavy lif
by fzeroracer 3y ago
> The prices are reasonable, and the reason is that when procedures are not covered by insurance, consumers shop around.
You are doing some extremely heavy lifting here with this sentence alone by trying to connect two unrelated clauses. Consider the following: Is Water expensive? Is it expensive due to an innate characteristic of water, or is it expensive due to scarcity?
Now with that in mind, why is water the first thing price gouged during a crisis? People need fresh and clean water and you have individuals selling water at a premium.
The same principle applies for healthcare. Plastic surgery is optional and on an indefinite timeline, so there is no patient lock in. If you have a severe injury or a heart attack or a stroke you cannot shop around. You cannot pre-shop for conditions you don't know you have. And so you pay the crisis premium.
- breadwinner 3y ago> You cannot pre-shop for conditions you don't know you have. In some ways you can. When hospitals acquire a reputation for being pricey without offering better care, people tend to avoid them, and even in a crisis the hospital's name won't be the first that pops into your head.