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by NCC1701
452 days ago
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During last 20 years, the # of US physicians has increased 60% with a corresponding improvement in the ratio of physicians per person. Where are the price cuts that should come with more doctors and nurses adding to care capacity by practicing like MDs? Perhaps the health care market is more complex than can be explained by simple economic theory. |
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Healthcare supply and pricing is heavily controlled so you're correct that simple market based economic theories don't explain much about how it operates.