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Old 02-01-2013, 10:37 PM   #4
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Quote:
Originally Posted by La literatura View Post
What does your understanding of economics tell you about what happens when the demand for something rises?
You understand that demand interacts with supply, no? Your question doesn't seem to understand that. To answer the question, that would depend on the supply and the supplier. In this case it appears that as demand is increasing, supply is decreasing - which means higher prices.

Personally, I think we'll get to a place where we see more doctors refusing to accept insurance and dealing with patients on a cash only basis.

At this point, I expect the government to move to "increase supply" in order to control costs and meet the needs of the market. What happens after that depends on how the physicians react.
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