3 ms·
> Assigning a cost to something is actually fairly tricky in any business and there's often no single "correct" answer. And even if you had perfect pricing in m
by chimeracoder 9y ago
> Assigning a cost to something is actually fairly tricky in any business and there's often no single "correct" answer. And even if you had perfect pricing in medicine, deciding which procedure will be the best for you would involve a complex calculation of risk, balancing long term and short term health, impacts on quality of life and employment and so on.
On the other hand, India has a billion payer system, and it's quite trivial to find concrete price quotes for most common (and even uncommon) treatments. You'll even see providers advertising their prices and (surprise!) competing with each other on price. That's something that's all but unheard-of in the US, except for a couple of niche areas of treatment.
Medicine isn't inherently special in this regard. It is unfeasible for doctors in the US today to provide price quotations (for reasons I explain below), but there's no reason it has to be this way.