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Yes it is, at least, what is sold as 'healthcare' is. I live in Switzerland and I see the same happening here. For European standards, healthcare is crazily exp
by misja111 2y ago
Yes it is, at least, what is sold as 'healthcare' is.
I live in Switzerland and I see the same happening here. For European standards, healthcare is crazily expensive. For example, when I want to buy paracetamol, I pay around 8 times as much as in my birth country, the Netherlands.
The product, paracetamol, is exactly the same. What's more, many of the pharmaceutical companies that are producing it are based in Switzerland!
The reason it costs this much more here is simply that people are willing to spend more money. And the healthcare industry is more than happy to absorb that demand.
- kube-system 2y agoNone of anything you said indicates demand elasticity. Healthcare is notably inelastic. Do people eat more 8x more paracetamol in the the Netherlands than in Switzerland, because it's a better deal? No I suspect they both take it for pain when they have pain. That's demand inelasticity.
- misja111 2y agoDemand can also mean, willing to pay more for the same kind of product.