Saturday, February 23, 2013

Medical care: Free market or fee racket?

Today I found some links to stories about those who have no insurance pay for medical care many times what Medicare would pay.  A trite example is charging more for a single over-the-counter pill than the hospital's own pharmacy would charge for a whole bottle.

If you have a few hours to gnash your teeth, read

"Bitter Pill: Why Medical Bills Are Killing Us", Steven Brill, Time, 2013-02-20

"Healthcare Isn't a Free Market, It's a Giant Economic Scam", Mike Masnick, tech dirt, 2013-02-22