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Price and medical care should be approached as though there's a giant sign that says "Here there be dragons." There are a lot of weird incentives to have multi
by hackeraccount 7y ago
Price and medical care should be approached as though there's a giant sign that says "Here there be dragons." There are a lot of weird incentives to have multiple prices for the same medical good. For uncompensated care the incentive is to have the price be as high as possible within the bounds of sanity. The prices that insurance companies pay on the other hand tend to be much lower while those same insurance companies have an incentive for a high price for those without insurance i.e. the higher the un-insured pay for procedures the more the insurance company is saving its customers.