Healthcare Is Not Immune to the Laws of Economics

“One of the great things about economics is that it is devoid of all mysticism. Every person, good, service, and dollar is treated equally — nothing is special or above the rules. There’s nothing about the supply of or demand for apples that is categorically different from that of oranges. Since every good or service demanded by anybody is scarce, economics treats apples, oranges, computers, haircuts, education, and health care in the same way.”