Thursday, December 31, 2015

Third-Party Bureaucracies Cannot Discipline Healthcare Prices

One of the least substantiated notions behind the modern American doctrine that people should allow insurers or governments to control our health spending is that these third parties can negotiate fees with hospitals and physicians that are better than those which would prevail if patients controlled these dollars ourselves.

Years of evidence show that these third parties have little idea what they are doing when they fix fees paid to providers.

Read the entire entry at the Independent Institute's Beacon blog.

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