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.