Ana the Ist
Aggressively serene!
Well then we are left with someone else finding that out for us.
But what if the consumer started to demand that? This is one reason why medical costs are so high. The consumer has NO control over any of it. And it doesn't matter who else is involved. We have no control, the insurance companies do. OR we have no control and the government does. And as long as insurance is willing to pay and so is government, there is NO incentive for the medical profession to cut back in cost.
Cost of services is only controlled by supply and demand. Between the provider of goods and the consumer. If the medical profession had to actually compete in the market, perhaps we could lower cost.
In most cases in the medical industry, price isn't affected by competition because demand is static. The number of people who need a hip replaced isn't changed by the number of hips available. Demand is static and the basic rules of free market capitalism fail.
Conservatives like to use examples where demand isn't static...like lazer eye surgery, dental implants, or plastic surgery. This is because they know most examples won't work.
When you need brain surgery, you aren't shopping around for the best deal. You're going with the guy who is so good at brain surgery that he could stumble into the surgery room half drunk and still nail it.
Upvote
0