I'm not so sure this is completely the fault of Gov'ts. Healthcare services have less that -1 (1) price elasticity (2). That is to say, regardless of the pric

I'm not so sure this is completely the fault of Gov'ts. Healthcare services have less that -1 (1) price elasticity (2). That is to say, regardless of the price, the demand for those services go relatively unaffected. Would this be any different without Gov't intervention? Unlikely IMHO. With Big Tobacco, "elasticity of demand for cigarettes is quite low. The amount of cigarettes purchased will remain reasonably unchanged..." (3) (1) http://oheschools.org/ohech2pg7a.html http://oheschools.org/ohech2pg7a.html (2) http://en.wikipedia.org/wiki/Price_elasticity_of_demand http://en.wikipedia.org/wiki/Price_elasticity_of_demand (3)http://en.wikipedia.org/wiki/Cigarette_taxes_in_the_United_States http://en.wikipedia.org/wiki/Cigarette_taxes_in_the_United_S...