“Strange that I can get an exact price on an iPhone, a Honda Civic, or a pizza, but not on something as essential to my well-being as health care.
There are almost no consumer prices in health care. Because there are no prices, there is no price discrimination by consumers, and therefore no pressure to keep prices down to where consumers can pay them. It’s a chicken-and-egg problem: One of the reasons that we rely on insurance or government programs to pay medical bills is that the bills are too high for ordinary consumers to pay; one of the reasons that the bills are too high for ordinary consumers to pay is that we rely on insurance and government programs to pay for them.”
Excerpt From: Kevin D. Williamson. “The End Is Near and It’s Going to Be Awesome.” HarperCollins, 2013-05-01. iBooks.
This material may be protected by copyright.
Check out this book on the iBookstore: https://itunes.apple.com/us/book/end-is-near-its-going-to-be/id569207288?mt=11