An interesting interview this week on Econtalk about price transparency. The interview happened before Trump's price transparency plan was announced but the pod

An interesting interview this week on Econtalk about price transparency. The interview happened before Trump's price transparency plan was announced but the podcast just made it up this week. https://www.econtalk.org/keith-smith-on-free-market-health-care/ https://www.econtalk.org/keith-smith-on-free-market-health-c... Some guy has been running a non-insurance based surgery center for years, the surgeons make more and patients pay less or so he claims. All prices are listed on their website. They claimed they don't change prices. If a doctor misses something and needs to do extra work their policy is that's the doctors fault for not doing enough due diligence beforehand. He also claimed there are some perverse incentives like he claimed a hospital might bill an $100k but only receive $13k. But, they can claim a $87k loss which the government will partly reimburse. He further claimed that insurance companies often have contracts with employers where the employer is supposed to pay a percentage of the amount the insurance company saved for them. In other words, the insurance company will say "we managed to save you $87k on your $100k bill, pay us 20% of the savings" so they have an incentive to ask the hospital to charge more. Note: I have no idea how backed up this is. Just passing on the podcast, hoping to see more knowledgeable feedback.