LogFAQs > #884108197

The Deadpool posted...

tennisdude818 posted...

If providers are offering a good or service at an absurd profit margin, that serves as an amazing opportunity for new entrents to make a profit at a slightly lower profit margin.

But these are hospitals. People have an incentive to go the nearest over the cheapest.

This is the problem with health care: the usual methods of capitalism don't work. A lot of people only have access to one hospital. And when the situation is dire, they go to the nearest. And when the price is too high, they will go anyways.

Medical debt is the most common kind of debt in the country.

Supply and demand doesn't work when your service is an absolute necessity.

People will get the medicine that was prescribed, because they need it. But no one would say that the high price of medicine was the product of capitalism. It wasn't the product of capitalism.