“Yes. Bit one important difference is that medical technology has become much more complex and expensive.”
The main reason its more expensive is due to insurance. My Mom is on Medicare so when she goes to our doctor its $175.00 when I go to the same doctor and pay cash its $40.00
-— My Mom is on Medicare so when she goes to our doctor its $175.00 when I go to the same doctor and pay cash its $40.00 -—
In a truly free market, third party payments drive up costs, but not that much. Hospitals bill the insurance companies more to cover the costs of non-payers.