2 ms·
Healthcare most certainly is covered by the laws of economics. It's a service for which there is inelastic demand. Laisk and cosmetic surgery are optional, so t
by superuser2 13y ago
Healthcare most certainly is covered by the laws of economics. It's a service for which there is inelastic demand. Laisk and cosmetic surgery are optional, so the price influences the quantity demanded. Nobody would buy a $100,000 cheeseburger. Treatment that's needed to end suffering or make people functional again is inelastic; if you charge someone's annual salary, he still has to pay it.
It's true that there could be competition on price for non-emergency care. It's okay for someone to eat cheap, low-quality food or live in shitty housing, because for the most part they'll be okay. Should there really be a Ramen of surgery? Are you really willing to inflict that on people?
A good portion of this country is. Those of us who voted Democrat aren't.
http://www.investopedia.com/terms/e/inelastic.asp http://www.investopedia.com/terms/e/inelastic.asp
- sejje 13y agoBut a 325,000 burger, on the other hand, is fair game. http://www.nytimes.com/2013/08/06/science/a-lab-grown-burger-gets-a-taste-test.html?_r=0 http://www.nytimes.com/2013/08/06/science/a-lab-grown-burger...