• Informed consumers
• Price transparency
• can defer or walk away
• interchangeable suppliers
Health care:
• can’t don’t shop while having a stroke
• Prices not known till after care
• Demand is inelastic (you can’t say no to cancer)
• Provider consolidation limits competition
• Informed consumers
• Price transparency
• can defer or walk away
• interchangeable suppliers
Health care:
• can’t don’t shop while having a stroke
• Prices not known till after care
• Demand is inelastic (you can’t say no to cancer)
• Provider consolidation limits competition