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View Diary: New government data shows how messed up health care pricing is (62 comments)

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  •  It certainly is not. (1+ / 0-)
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    eps62

    For one thing, it is nearly impossible to get prices in the current "system".  I have been through that process and have wanted to inflict bodily harm on more than a few people.

    For another, the care-givers have an enormous amount of market power (think monopoly).

    Limited choice of hospitals, supply of doctors/caregivers artifically constrained by licensing practices and requirements.

    Unbalanced information -- that's always a problem when lay people deal with professionals, but I challenge you to get the information you actually need to make significant decisions from most doctors.  

    And, finally, lack of rational action.  When the condition we face is life-threatening, we tend to go all whack-a-doodle between the ears AND the doctors turn into the worst kind of vultures.

    None of that is consistent with the information flows or competitive forces required for a free market.

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Sat May 11, 2013 at 08:24:06 PM PDT

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