Comment by terminalshort
6 hours ago
Your comment contains nothing of value. If you have a better way to allocate scarce resources please state it.
6 hours ago
Your comment contains nothing of value. If you have a better way to allocate scarce resources please state it.
These resources are only scarce because of artificial scarcity.
This is especially true of patent medicines, where it's government enforced artificial scarcity.
In the US the allocation process itself is very expensive. Something like a third of the cost goes towards paying the administrative costs of navigating the byzantine insurance rules.