Earlier quoted context omitted.
Time and time again large competing forces in the market are found to have colluded instead of directly competing with each other to drive price/cost down. What is it that still makes you believe that two (or n-number) of providers won't collude to charge an astronomical amount for a life-saving treatment?
> Time and time again large competing forces in the market are found to have colluded instead of directly competing with each other to drive price/cost down. Collusion and cartels never work on the long run. It's an unstable equilibrium, the incentive to reduce prices to capture more market is too great. > What is it that still makes you believe Competition. It's the only force keeping humans honest. That's why we mu…
Define "long run" - they have been already proven to have worked for years and in some cases even decades.