ChicagoGranny wrote: ↑Fri Aug 03, 2018 6:14 am
Fetou wrote: ↑Thu Aug 02, 2018 6:18 pm
People are crafty when it comes to making supply meet demand.
Actually, supply creates demand.
Sleep apnea as a condition creates demand for treatment. The medical device developers have responded with research and product development to supply the demand.
So now we have demand for the treatment and a supply of treatment devices. The government of course steps in and puts massive limitations on supply with regulations and together with a convoluted and mostly unaffordable system of insurance, prices are inflated from where they would be if there was unrestricted free exchange.
So we have a class of consumers who are willing to pay for treatment but can't afford or are unwilling to follow the prescribed method of obtaining the treatment. Then there is a group of people who have the treatment devices, but aren't authorized to sell them. These devices are not well tolerated, and often returned, both of which would create a healthy secondary market in the absence of restriction.
So my main point, to avoid getting lost in semantics, is that markets almost always form and find a way to fill a demand where there is some profit or benefit on both sides. Without any announcement or instructions, you have buyers and sellers learning how to form and interact within grey/black markets through a third party listing service, using certain key words and methods to avoid outside interference. It's a beautiful thing!