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But it’s hardly a market-based system with the third party payers. Consumers aren’t making informed decisions about what they buy, have little ability to compar
by aksss 9y ago
But it’s hardly a market-based system with the third party payers. Consumers aren’t making informed decisions about what they buy, have little ability to comparison shop, and state-level regulations intentionally limit the number of providers in a market. With those attributes, the poor outcome of the “market” system is entirely predictable. We need to go in one direction or the other, but having the worst elements of centrally managed care and the worst elements of a market solution makes for rotten outcomes.
- monocasa 9y agoHow do I make an informed decision when I'm bleeding out in the back of an ambulance?
- tedunangst 9y agoLots of ER visits aren't that dire. There are three hospitals within range if I broke my arm. I'd totally comparison shop if it were even remotely possible to call each up and ask how much. But getting even an estimated price for x-ray and bone set over the phone? Hahahahaha.
- cycrutchfield 9y agoIn which country in the world do patients regularly call up 3 hospitals to inquire about the price of setting your broken bone?
- deciplex 9y agoA lot of the regulations are there to protect existing players in the market as well. It seems that the market-based approach degrades when it comes into contact with democracy, probably because the equilibrium the market is trying to achieve is incompatible with our values.