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What are market conditions? | 355 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
What are market conditions?
Authored by: jjs on Sunday, July 01 2012 @ 08:36 AM EDT
And note NO free exchange of info occurs. Quick - how much
for a simple appendectomy at your local hospital? How much
for a kidney transplant? How does that compare with the next
town over?



---
(Note IANAL, I don't play one on TV, etc, consult a practicing attorney, etc,
etc)

[ Reply to This | Parent | # ]

What are market conditions?
Authored by: Guil Rarey on Sunday, July 01 2012 @ 10:01 PM EDT
A couple more assumptions about free markets:

Substitutes are available. If wheat costs too much, use barley or rye. There's
no substitute for medical care when it's required.

Switching costs are negligible: Don't like buying your wheat from grain broker
Smith? Get it from broker Jones. That doesn't work for healthcare where one
establishes trust-based relationships with a primary care physician.

Health care does not operate in any way approximating the market model and the
assumption that market-based solutions is inappropriate.



---
If the only way you can value something is with money, you have no idea what
it's worth. If you try to make money by making money, you won't. You might con
so

[ Reply to This | Parent | # ]

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