In Which I Suspect The Free Market Of Not Being Entirely Free

Interesting anecdote from Reason on how Canadian health care treated one woman, or rather failed to treat her, along with a doctor who puts up a price list on his website about what things cost. I tracked the website down and noted an interesting thing.

Some of you know that my dad was in the hospital a month ago. As it turns out, they gave him angioplasty (through the femoral artery, yeow!). If you go to that site, you’ll see angioplasty costs $12,500.

That’s expensive, but not unmanageable. Presumably, one wouldn’t need a lot of angioplasty. And catastrophic coverage well, wouldn’t need to be all that huge to cover it.

Now, my dad’s two days in the hospital cost $140,000.

Frankly, that seems unpossible to me. Who could possibly afford that? How can something exist in a market that nobody could afford?

I suspect there may be market distortions at work.

If one wanted to fix the health care market, one might start by locating the distortions and removing them.

Just a thought.

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