Health Care - Price Competition In Medicine

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Consumers of health care are not like consumers of any other service. Dean Lawrence R. Velvel interviews Dr. Arnold Relman, one of the best known physicians in the United States and a previous editor of the New England Journal of Medicine, on his book: A Second Opinion - Rescuing America's Health Care.
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Category:

People & Blogs

Tags:

• Insurance
• Providers
• Consumers
• Vendors
• Brain
• Surgery
• Medical
• School
• Economists
• relman

[otheostrich]

I've had a surgery recently and asking for prices and getting straight answers was very difficult. Its a valid point though, if i can not get a straight answer about what the price of a medical procedure is going to be how can i ever shop around or decide, no i am not willing to have the procedure done for a certain price, but if the price is lower yes i am willing to have the procedure done. Insurance destroys price transparency to customers in the healthcare market.

[dachickenman]

That is a horrible argument. We buy things everyday that we aren't expers of. When people have major surgery, many of them shop around and get second opinions and what have you. In a gov't run health care system, there is no shopping around. You are given what politicians choose to give you (which is more likely to be the cost-cutting route). You may not know a lot about cars, but you still have to trust someone to fix it. Nobody is shouting for gov't run auto repair. How arrogant.