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Every other developed country I'm aware of uses price controls for their healthcare system, usually by declaring price lists regardless of payer, by establishin
by handrous 5y ago
Every other developed country I'm aware of uses price controls for their healthcare system, usually by declaring price lists regardless of payer, by establishing a state-directed monopsony, or by taking direct control of healthcare providers.
Clearly it can work since AFAIK everyone is doing it, and it seems to be basically fine. Not perfect, but fine.
- janeroe 5y agoAnd that's why author's practice survived despite the hostility of the US government. They started treating Canadian patients: > The first patients to arrive after we posted prices were Canadians. This was instructive, as these patients had so-called insurance coverage. There was no access, however, to the care that many of them required. The most common story then as now for the Canadians was a patient waiting two years to see a gynecologist for a hysterectomy to stop their bleeding, bleeding usually so severe that intermittent transfusions were required. For $8,000, which covers the facility, surgeon, anesthesia, pathology, and an overnight stay at the surgery center, Canadians can end their nightmare. The first question a Canadian asks when they call us is how long they’ll have to wait. Our answer that there is no waiting time is met with disbelief. A Canadian friend of mine has told me the old joke that no Canadian is truly content unless standing in line. All thanks to the success of a "state-directed monopsony" of a "developed country".