Price fixing is rampant in American health care.
Prices are set by the Blue Cross/Blue Shield system and no one complains...
“Prices are set by the Blue Cross/Blue Shield system and no one complains...”
Prices are set by CMS/Medicare and commercial plans typically pay a percentage over Medicare. Costs are high because of regulation, litigation and the third party payer system that covers non-catastrophic expenses. Patients have paid for an ever shrinking percentage of total health care costs over the last 30 years. It stands to reason that if patients paid for most or all of the non-catastrophic costs, costs would come down.