| senseinobaka said:
Health Care is wrapped in it's own protected and seperated market. One that has been allowed to out run inflation. So I think the following changes will have the best results in reducing prices. ...remove the legislation that allows hospitals/clinics to not advertise prices |
Medicine has regulations for a reason, because its a serious profession that requires government insight to make sure shitty doctors dont become doctors. The same can be said about engineering and many other professions, you dont want an unequalified high school drop out to build a skyscraper, so the government makes regulations to protect people.
Hospitals do not advertise prices because consumers do not have the knowledge to make an informed decision on their medical treatment. Average consumers see $2000 eye surgery at Jimmy's Hospital and $3000 eye surgery at St. Johns and chooses the $2000 surgery because he has no idea about other costs and benefits. Jimmy's hospital might be the worst hospital in the state with out of date equipment and St. Johns has a new robot to assist in surgery but the consumer has no idea about that (these were just very simple examples) and cannot make an informed decision.
