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Nah the grift is that insurers are price-takers in a local area (if you want to provide insurance to businesses in Seattle, you need to cover e.g. cardiology in
by junofan 3y ago
Nah the grift is that insurers are price-takers in a local area (if you want to provide insurance to businesses in Seattle, you need to cover e.g. cardiology in Seattle), so PE buys up all the cardiology practices in Seattle and charges more.
- gmd63 3y agoIt's so frustrating that such a basic, non-intelligent move is the go-to by the biggest players that can afford such a strategy. It's completely counter to the presumption that wealthier players are more suited to allocate resources for efficient outcomes.
- deleted 3y ago[deleted]
- akomtu 3y agoIsn't it the basic winning strategy in the monopoly game? Buy up all prisons, then bankrupt your competitors.