I was chatting with a nurse friend of mine from the US. We were talking about healthcare prices and the skyrocketed cost of Obamacare. She said other healthcares have gone way up in price too.
Prediction: Healthcare prices will not go down, but people will blame Trump for the high prices, even though they’re already high before he takes office.
A merchant sells apples for a dollar each. Another merchant opens an apple booth across the street, and sells apples for ten dollars. Government passes a law that no one can cross the street to buy apples. The one dollar merchant will increase his price too, because he can’t get more customers and beat the other merchant, and in fact, may lose customers because they can’t cross the street antmore.
Notice I said healthcare price, not healthcare cost.