4 ms·
Why isn't stuff like this covered by price gouging laws?
by HyperSane 4y ago
Why isn't stuff like this covered by price gouging laws?
- eitally 4y agoBecause as a whole, this industry can't actually determine what fair pricing is. There are too many perverse incentives concurrently in play for anyone to realistically make sense of things.
- simfree 4y agoWe can easily look north to Canada or east to Japan for context on what services and procedures should cost. Japan has the health insurers and medical providers engage in structured fee negotiations and standardize prices in systems. There is no reason in the USA that injecting a Covid vaccine should cost $42.70, while injecting a Mpox vaccine should cost a different price of $67 when self paying at Kaiser. Meanwhile, insurers pay significantly less than this for the same service. https://wagner.nyu.edu/files/faculty/publications/hlthaff.2019.01804.pdf https://wagner.nyu.edu/files/faculty/publications/hlthaff.20...
- HyperSane 4y agoAuctions are an excellent price discovery mechanism.