There is nothing to stop a non-profit hospital from being as efficient as a for-profit one.
In that situation the non-profit will always be less expensive as the for-profit one unless the investors are willing to take a 0% return on their equity.
When it comes to what the market is willing to pay, what will a man that is about to die be willing to pay to be cured? Quite a lot I guess so there is nothing really to stop price gauging if the patient is paying for it directly.
> There is nothing to stop a non-profit hospital from being as efficient as a for-profit one.
Sure, but there is also no motivation to do so. NASA never even thought about having a rocket return. SpaceX/Blue Origin, that was the first thing they thought of "how do we reduce cost over time, this is wasteful"
The solution could be a government lower cost alternative to the private health care so they can keep each other in control. Same as us post office does for ups and fedex
There is nothing to stop a non-profit hospital from being as efficient as a for-profit one.
In that situation the non-profit will always be less expensive as the for-profit one unless the investors are willing to take a 0% return on their equity.
When it comes to what the market is willing to pay, what will a man that is about to die be willing to pay to be cured? Quite a lot I guess so there is nothing really to stop price gauging if the patient is paying for it directly.