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Politics : Formerly About Advanced Micro Devices
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To: SilentZ who wrote (630461)10/5/2011 2:44:31 PM
From: Tenchusatsu  Read Replies (1) of 1579534
 
Z, > I certainly do understand what it means. But if you have a heart attack, are you going to shop around for a heart surgeon?

You're begging the question, i.e. you still haven't explained why costs are going up.

Obviously demand for health care is inelastic. You don't have to repeat yourself.

But what if there are too many heart surgeons around in a particular area? (Sounds very unlikely, but let's assume for the moment that this is true.) Unless those surgeons fix prices, they're going to compete for patients. And those patients (or their insurance providers) will go straight for the one offering the best deal.

Now that's what would happen in a free market scenario. But for obvious reasons, we don't subject health care to the dynamics of a free market. So now what happens? Prices are controlled, the supply of heart surgeons in a given area is limited thanks to the "system," and costs are passed onto the deepest pockets, whether it be insurance or the government.

When you understand this, it's no wonder that the cost of health care is skyrocketing. Funny thing how the free market works. Even when you try to insulate health care from it, it always comes around to bite you in the butt.

Tenchusatsu
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