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This is true for any specialized service, for instance a plumber. The market solution is competition. You get three estimates to see who is providing services
by joshuaheard 13y ago
This is true for any specialized service, for instance a plumber. The market solution is competition. You get three estimates to see who is providing services for how much then make a decision. This doesn't happen in the health care industry because it is a third-party payer system. That is, the insurance company pays for it, so the consumer has no incentive to shop for the best service/price.
- pyoung 13y agoIf you need a certain drug to treat an illness and the drug company has a 20 year patent on that drug, how do you propose to get it for cheaper? If you need a rare but specialized surgery and there is only one or two surgeons in the country that can perform the operation, how exactly will you price shop? If you get in a horrible accident, will you go to 3 different ER's to check their prices first? Also who gets priority in the ER waiting room? The person who can pay the most or the person who is in most need? I went in to the ER a few years back for a broken nose. I got cut in line by a guy who got shot and two guys who got stabbed. My guess is none of them had insurance, but considering they could die from their untreated wounds, I did not complain.