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Nosewelder
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Nosewelder
7y ago
About the "free market" approach: Medical care has what in economics is known as "zero price elasticity". That means that people have zero ability to refuse the product if the price is too high. In economics, its associa
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Nosewelder
7y ago
"Bismarck" is a class of healthcare systems, referring to employer/employee financed insurance-based healthcare. It is used in Germany, the Nederlands, and Switzerland I think. Other models are Beveridge (like the UK) and Nat