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In this case, the ‘millions of humans’ essentially received the doctors’ foregone salary. They got a raise, in the sense that their healthcare got cheaper. We
by mwsherman 12y ago
In this case, the ‘millions of humans’ essentially received the doctors’ foregone salary. They got a raise, in the sense that their healthcare got cheaper.
We can give them $1000 cash, or we can charge them $1000 less for the healthcare they buy. Same thing.
So, in a sense, money became less important in the acquisition of healthcare. Purchasing power increased.
This is why I make the distinction between money and economic value. The latter is the real goal.