The free market also works in health care. Consider "calcium scoring" heart scans, which measure how much calcium is deposited in the coronary arteries. Recent studies have shown these to be one of the safest and most reliable ways to measure one’s risk of future heart attack.
These calcium scoring scans do not require a doctor’s order and are not typically covered by insurance. Because patients generally pay out of pocket, motivated consumers shop around. Over time, normal market forces have dramatically driven down their price. Several years ago, they cost $500; now some centers offer them for under $100. This pattern of rising quality and falling prices can and should be the norm in all of health care.
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Monday, September 10, 2012
Free Market Works Just Fine For Health Care
Posted By Milton Recht
From PJ Media, "In Top Journal, Obamacare Boosters Push ‘Global Spending Target’ Which is the very definition of 'rationing,' the word they aren't supposed to say" by Paul Hsieh, MD:
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