4 ms·
Is the share of older people higher and are premature newborns more likely to die in Europe? I find that hard to believe. And don't forget that an efficient ma
by germanier 9y ago
Is the share of older people higher and are premature newborns more likely to die in Europe? I find that hard to believe.
And don't forget that an efficient market needs price transparency. Everybody who has tried asking "How much does this procedure cost" beforehand knows that's far from being there in the US. How can consumers factor in prices in their decision when they simply don't have the ability to compare suppliers (plus people usually want the best and not cheapest healthcare). There is simply no incentive for healthcare provider to lower their cost. Would that bring more patients?
Monopsonies have been well-studied and lower prices without any competition on the buyer's side.