this is _exactly_ why, in my personal opinion as a public health economist, reject arguments that markets allocate health care efficientlyhttps://twitter.com/fangirlJeanne/status/780874895576080384 …
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Replying to @sapphixy
That idealized supply/demand thing that you learn in intro econ? It relies on a fucking _ton_ of implicit assumptions.pic.twitter.com/bIMnLwN1k5
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2 replies 6 retweets 14 likes -
Replying to @sapphixy
I'm about to head out, so I don't have time to list all of them out (nor do I particularly want to try to do so on Twitter) but even if the+
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Replying to @sapphixy
US healthcare market didn't have specific structural issues that violate those assumptions (e.g. prices are heavily obscured) there remain +
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Replying to @sapphixy
many more that health care *can never* meet — there's no intellectually honest way to state, ceteris paribus, that there's a point at which+
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Replying to @sapphixy
the marginal utility of *not fucking dying* is not worth the cost, as a general statement.
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Especially given that not dying is usually only an improbable result of many extremely expensive treatments!
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Replying to @GidMK
yup! I'm just glad it's not *my* job to actually *decide* those thorny allocation problems.
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I'm sad, I think health economists would do a much better job of it!
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Replying to @GidMK
possibly, but we tend to be terrible politicians. See that apocryphal quote about one-handed economists.
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