Umm, I'm asserting like "Medicine is not perfect competition and thus prices are not competitive." If you want to think it is a "conspiracy" you can, but Economics offers great explanations for such setups. I think many of us in technology think all industries are driven by merit, cutting edge technology, margins, and competition.
In reality, not all industries are like this. This shouldnt be surprising. Computers go down in price. So do cloud service costs. So does RAM. But medicine stays expensive. "Conspiracy" is a shallow explanation -- it is just economics, it isnt perfectly competitive. And progress is hindered to maintain scarcity.
Umm, I'm asserting like "Medicine is not perfect competition and thus prices are not competitive." If you want to think it is a "conspiracy" you can, but Economics offers great explanations for such setups. I think many of us in technology think all industries are driven by merit, cutting edge technology, margins, and competition.
In reality, not all industries are like this. This shouldnt be surprising. Computers go down in price. So do cloud service costs. So does RAM. But medicine stays expensive. "Conspiracy" is a shallow explanation -- it is just economics, it isnt perfectly competitive. And progress is hindered to maintain scarcity.