Not every for-profit system is this way so it doesn't fully explain it.
It is tge fact that Health care consuming demand is inelastic. Most "for profit" systems have elastic supply and demand.
But "suppliers" know that demand has bo choice but swallow the prices and services.
Kind of like "cable companies" oligopolies but worse (see southpark espisode).
Health care should not be for profit.
alt Hacker News
It is tge fact that Health care consuming demand is inelastic. Most "for profit" systems have elastic supply and demand.
But "suppliers" know that demand has bo choice but swallow the prices and services.
Kind of like "cable companies" oligopolies but worse (see southpark espisode).
Health care should not be for profit.