The brothers Jens talk finance, economics, and the like.
Sites of Note
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Blogs
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The Knowledge Problem
Bureau of Labor Statistics
Bloomberg data
Louis Rukeyser
Company News and Research
Yahoo Finance
MSN stock research
Quicken
Blogs
Marginal Revolution
The Knowledge Problem
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Dollars and Jens
Tuesday, November 11, 2003
Why health care is so expensive
My brother notes the economic difference between healthcare for humans and animals. Certainly insurance and litigation are the major part of it, but I expect demand elasticity has something to do with it as well; a doctor is less in competition (price-wise) with other doctors than are veteranarians with other veteranarians, but the latter are also in tighter competition with "take it someplace peaceful and shoot it". This is true of pets, but even more of farm animals.
We also may care less about how much our animals enjoy their food, while more willingly buying junk for our kids and letting them pay to have their arteries scraped out later in life.
- posted by dWj @ 2:45 PM
