Outside the Box
Healthcare costs are going up across the board, and fewer people are properly insured — or insured at all
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I never anticipated that the American healthcare system would become a frightening exception to classic supply-and-demand principles.
Healthcare access is usually not elective. Rather, it is mandated by disease, either in urgent-care settings or emergency rooms. Medical care is paid for not only by consumers, but also by employers and the government. Costs are not set by individuals or organizations but by public and private insurance companies. Good health is such an important priority that everyone wants the best medicine, no matter how much it costs.
