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A comment on The Mark Cuban Cost Plus Drug Company. Parent comment

Re:The Mark Cuban Cost Plus Drug Company by lifeplusplus on Wednesday January 27, 2021 @02:22PM (#25932618)
one is a necessity and other one is not. If it's too expensive to launch stuff to space, most companies won't. If it's expensive to get a drug, well you will either pay up or suffer until you die.
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Re:The Mark Cuban Cost Plus Drug Company by savanaly on Wednesday January 27, 2021 @02:47PM (#25932978)
But we have markets in necessities and they work just fine. What's the difference from healthcare?
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Re:The Mark Cuban Cost Plus Drug Company by lifeplusplus on Wednesday January 27, 2021 @07:31PM (#25936398)
such as?.. give an example..

milk - regulated

water - regulated

electricity - regulated

education - k12 regulated most of it

.

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Re:The Mark Cuban Cost Plus Drug Company by DubiousPusher on Wednesday January 27, 2021 @02:25PM (#25932671)
Exactly. One market is elastic the other is inelastic.
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Re:The Mark Cuban Cost Plus Drug Company by lifeplusplus on Wednesday January 27, 2021 @02:43PM (#25932925)
I had forgotten those terms.. yea nothing mysterious going on here. This is well understood situation. Everyone should take micro-economics not matter the profession.
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