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The economic lessons we can learn from cosmetic procedures market

from Seeking Alpha

Between 1998 and 2014, the price of medical care services in the U.S. (as measured by the CPI for Medical Care Services) has increased by 88.5 percent. How would the market for medical services operate differently if consumers were paying out-of-pocket for medical procedures in a competitive market? Well, we can look to the $7.5 billion U.S. market for elective cosmetic surgery for some answers. more

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