/biz/ - Business & Finance

The HealthCare spending crisis didn’t start until the mid 1960’s, around the same time Medicare and Medicaid were introduced, and also the same time the Government required doctors to go through all sorts of expensive licensing procedures beyond medical school.

Everyone obviously wants HealthCare, but there’s only so much to go around, and short supply leads to high prices. Normally what happens in a market place is that when prices are high entrepreneur’s try to profit by finding more affordable ways to provide for goods and services, the more people become involved in providing these services the less scarce they become, and prices drop so that overtime more and more people can afford them. This is what happened to televisions, computers, microwaves, refrigerators, cellphones, internet service providers, and even all of the medical technology which isn’t as heavily regulated or controlled government.

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