>As you point out we have monopolies (or close to) at every single step. This is... | Hacker News

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		pixl97 4 months ago \| parent \| context \| favorite \| on: Pharma is a small component of US health care spen... >As you point out we have monopolies (or close to) at every single step. This is happening to a huge number of industries in the US, not just healthcare.

jgalt212 4 months ago [–]

Fair enough, but

- Healthcare is almost 20% of the economy

- Demand for Healthcare is largely inelastic

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