As with anyone who has a soul and a conscience, im shocked by health care costs. A lot of people say this is a failure of capitalism. It is precisely the oppo

As with anyone who has a soul and a conscience, im shocked by health care costs. A lot of people say this is a failure of capitalism. It is precisely the opposite- it’s regulatory capture. Healthcare and insurance are among the most highly regulated industries in the US. All that regulation has had decades to fix the problem and hasn’t; it’s caused the creation of workarounds like “charge masters” and “pharmacy benefit managers” that make prices more opaque. Why do we even allow negotiated price for insurance? Sounds like antitrust/price fixing/collusion to me? Why doesn’t each health care provider publish their prices and the insurer publishes what they’ll pay and the patient is responsible for the difference?