Why is healthcare in infinite demand?


Healthcare is in infinite demand due to its unique nature as a necessity for well-being. Unlike other goods, healthcare doesn't have the same elasticity; people are willing to spend whatever they can to prioritize their health and longevity. This is driven by the human desire to live longer and healthier lives, particularly in societies where basic needs like food and shelter are already met. Consequently, as our ability to address basic needs improves, more resources are directed towards healthcare, making its demand virtually endless 1.

The Demand for Healthcare

Martin discusses how healthcare is a unique product with virtually infinite demand, unlike other goods and services. He also touches on the desire for longevity and how it drives the demand for healthcare.

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