Cheap Health Care!

by Elaine Schwartz    •    Jan 2, 2010    •    690 Views

A recent “Investor’s Business Daily” article includes a great graph. Downward sloping, the graph represents health care spending by consumers. While aggregate spending skyrockets, individuals are paying less out of pocket.
You see where this is going and what we really need to solve.

Law of Downward Sloping Demand: When price decreases, consumers are willing and able to spend more. (And when prices rises, the opposite will ocur.)

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