LogFAQs > #884108537

The Deadpool posted...

Transcendentia posted...

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.

Except that's exactly what it was!

Insurance companies found they could leverage hospitals for discounts because of the massive amount of people they had.

Hospitals found they could afford those "discounts" if they overcharged for items.

This wasn't government influence. This was just how capitalism works. Volume leads to discount. Infinite supply leads to the ability to price hike to your heart's content.

Capitalism is great for goods and services you don't need. Prices are curtailed by how popular the service or good is. But we things you NEED there's nothing to curtail the price.

Volume does not necessarily lead to discount, and that isn't a matter of capitalism. In fact, in socialized healthcare the government pays for medicines and services in bulk in order to attempt to reduce costs.

Capitalism has been phenomenal for goods and services we need. Phones, computers, cars, food, airplanes, internet, dentists, eye doctors, clothes.

And you're ignoring the role of government in why health insurance companies and pharmaceutical companies are essentially monopolies. Capitalism doesn't work if there's a monopoly in place, broseph.