Supply and Demand!
I've had this idea rolling around in my head on the economic effects of health insurance coverage mandates. It started in my mind over contraceptives, but could be applied to just about anything, from prescriptions to doctor visits. My wife had an economics teacher who told her, "If you don't know about supply and demand, you will fail!" You have to understand supply and demand. Quick Micro Econ 101 review. Look at the graph over here. If you've taken an econ class, you should have seen variations on this again and again. The blue line shows that as price goes up, the number of people willing to jump in and buy goes down, and vice versa. Red line shows that when price goes up, sellers are more excited about selling. Somewhere in the middle, the quantity of product that buyers want to buy meets up with the quantity that sellers want to sell, and there we have what we call market equilibrium. That market equilibrium price is what you will pay without insur...