ruveyn wrote:
Inelastic demand is still demand. Supply and demand are the iron laws of price determination where a market is operative.
I think you are misunderstanding something. A rational businessman will maximize his total profits; if the demand is inelastic he does this by raising prices. In any case, I was only demonstrating that there are very significant differences between the market for food (inelastic demand, many sellers, most of whom are not well differentiated from their competitors) and the market for healthcare (inelastic demand, few sellers, significant differentiation between sellers) so the analogy between the two markets fail. I made no statement about whether single-payer is a good idea in either market, but the argument "It is a bad idea in market X because it is a bad idea in market Y" fails because market X is different from market Y.
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They choke off supply by licensing and FDA regulations which do very little to assure our health.
The FDA provides an extremely valuable service, and they do a lot to protect our health and safety.
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All the government can succeed in doing is making a rough market even worse.
You're on government-subsidized healthcare, you massive hypocrite. And you probably get a higher quality of care at lower cost than I do on my private insurance.
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