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If we're being reductionist, it's just corporations being greedy! This is a fun game. IV fluids aren't difficult to produce, but it IS difficult to produce PAC
by csours 2y ago
If we're being reductionist, it's just corporations being greedy! This is a fun game.
IV fluids aren't difficult to produce, but it IS difficult to produce PACKAGED IV fluids consistently, every time, in such a way that they don't make people sick.
Because that is difficult and important, there are tests and certifications. In turn the tests and certifications are difficult - and yes at this point there is extra cost, and that extra cost becomes a moat, which drives up price.
Unfortunately, the moat is both consumer protection and rent seeking business advantage. That is, part of the excess cost beyond the base ingredients goes to protecting consumers, however a lot of the excess cost comes from the fact that not everyone is willing to undergo all of the paperwork and process that consumers and insurance have asked the government to require.
You are not completely wrong, just mostly wrong.
"Pure government regulation" is so rare as to be non-existent in most people's daily life. "Government regulation" is someone's moat. Sometimes it's a consumer group, sometimes it's special interest, sometimes it's a business. Very rarely it is for the government's own sake.