News for hackers. Stuff that matters.

A comment on Helsinki hospitals severely overcrowded, emergency rooms full to capacity. Parent comment

Re:Helsinki hospitals severely overcrowded, emergency rooms ... by p0pcult on Wednesday December 14, 2022 @08:54AM (#33983471)
If, as you say, this is a demand surge, classical economics would suggest that the price of the demanded good/service should go up.

The article, however, is very clear that this is a supply issue, and not a "demand surge."

In either case, it seems that equilibrium would set wages higher.

[ Parent | on HN ]
Re:Helsinki hospitals severely overcrowded, emergency rooms ... by rdtwo on Wednesday December 14, 2022 @09:07AM (#33983625)
Why would you assume a free market system in healthcare?
[ Parent | on HN ]
Re:Helsinki hospitals severely overcrowded, emergency rooms ... by subw00f on Wednesday December 14, 2022 @09:13AM (#33983704)
Is that a free market system? It seems to me the parent is talking about the concept of price equilibrium, nothing else.
[ Parent | on HN ]
Re:Helsinki hospitals severely overcrowded, emergency rooms ... by yucky on Wednesday December 14, 2022 @10:28AM (#33984792)
Price equilibrium is a foundational free market concept. It technically can't exist in a non-free market.
[ Parent | on HN ]
Re:Helsinki hospitals severely overcrowded, emergency rooms ... by p0pcult on Wednesday December 14, 2022 @09:19AM (#33983778)
Why are you assuming that the labor market = the healthcare market?

I completely agree that "healthcare" is not a very free market. But we are not talking about buying medicine or medical procedures, are we?

[ Parent | on HN ]