|Date:||8/3/2017 1:36:26 PM|
|Subject:||RE: Hollow you just showed huge ignorance|
Profit causes lower prices genius. It's why prices of basically everything trends discards over time, ceteris paribus - e.g. food, electronics, cars, etc.
Profit is a signal which incentivises competition. Other producers move in to capture and seize those profits which puts a downward pressure on prices. The fact that this is not happening in healthcare should be leading you to look for reasons why this isn't the case. In a free market, one industry or sector cannot sustainably produce more profit than others in the long run because of the force of arbitrage. This is easily provable through logic alone (which might explain why you don't get it).
Why isn't this happening? Legislative special treatment in the form of tax distortion, artificial barrier to entry in the form of licensure, unnecessary government regulation, etc.
"Greedy people see the just extorting everyone!!!" is the thought processs of the blithely ignorant such as yourself.