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How can there be competition when no one will tell you their prices? Pick any major city in the US and tell me how an ordinary consumer can compare prices for
by rhplus 2y ago
How can there be competition when no one will tell you their prices?
Pick any major city in the US and tell me how an ordinary consumer can compare prices for a simple procedure like a chest xray. It’s not possible. Now how does one shop around for a cancer doctor or an ER visit?
Medicine is not a classical marketplace. Homo economicus doesn’t play his part.
- ninetyninenine 2y agoHow can competing doctors even afford to not tell anyone there prices if a competitor can gain a huge advantage simply by telling people there prices? There’s not enough supply. Not enough competition such that all doctors can pull off this bs.
- throwaway48476 2y agoLast time around trump mandated that all providers publish their price lists but most providers just ate the fines instead of doing it.
- ninetyninenine 2y agoBecause not enough competition. The person with the cheapest price in a competitive environment obviously wants to advertise his prices.
- throwaway48476 2y agoIn the case where real choice is possible, yes.
- ninetyninenine 2y agoThe choice is possible here. There are many doctors. Each doctor CAN display there prices. They don't want to. Why? Because there's not enough competition for them to need to.