price wars
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In some industries, competition can take the form of price wars. When this occurs, supply is greater than demand and prices usually come down to attract customers. Healthcare providers compete for consumers, but healthcare costs continue to rise. What may explain this?
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Healthcare providers compete for consumers, but health care costs continue to rise. The reason for increase in health care costs is not healthcare providers, but the increase in underlying costs. On one level drug makers and hospitals charge more, this pushes up the costs. If we ...
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