http://www.azcentral.com/business/a...-sting-leaves-woman-big-bill.html?sf5898739=1
The local newspaper's facebook page posted this story today and the comments are riddled with people saying "those greedy pharmaceutical companies trying to make a buck!! This is why we need obamacare" etc. They are very misled as to how to fix this problem. The solution is more competition and less regulation (regulation stiffles competition), not trying to get rid of capitalism. My question to you guys is, how come vials of antivenom are $100 in Mexico, but thousands of dollars in America, and how come the hospital is getting away with selling it for $40,000 per dose? I am no expert on anything related to healthcare, but it seems like the issue is the hospital may have a monopoly on the local community and can thus charge whatever it wants for its services with inelastic demand. Is the solution simply more hospitals?