00:01
So what are the characteristics of the u .s.
00:04
Healthcare market and how does each one affect the healthcare problems? so one of the first characteristics that we know of is going to be the ethics of health care.
00:21
So is it a right? well, most people might see health care is the right because people deserve the right to live.
00:30
So yeah, it is seen as a right.
00:34
And regardless of how much it would cost, most people might think of it as something that everybody should have.
00:43
So ethically, it might be seen as something that people should have.
00:50
So, let me just adjust this.
01:01
Everybody needs to healthcare for health care.
01:27
And the second characteristic is asymmetric information.
01:47
Which just simply means that the buyers don't have perfect information.
01:54
In this case, the buyers are the patients, and they might not understand the procedures.
01:59
So the doctors, which are the sellers, might tell them what to get.
02:05
So in this scenario, there's going to be an increase in demand that the seller would recommend...