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I agree that they are over priced, but they aren't commodities. Commodity products are indistinguishable, but there are definitely different qualities of healt
by pj 17y ago
I agree that they are over priced, but they aren't commodities. Commodity products are indistinguishable, but there are definitely different qualities of healthcare and higher education.
- jnovek 17y agoPragmatically, I would describe health care and education as commodities with some providers who sell a "premium" service. How much education happens at top tier, how much health care happens at the Mayo Clinic?
- yummyfajitas 17y agoMost of the evidence suggests that healthcare is a commodity product. http://www.overcomingbias.com/2009/02/what-is-medical-quality.html http://www.overcomingbias.com/2009/02/what-is-medical-qualit...