That's the problem with healthcare. Due to inelastic demand, it doesn't succumb to market forces the way as other markets. Also in many places you have issues with provider collusion, monopoly, and regulatory capture keeping prices high.
The US is particularly bad in this respect. Market sources only seem to prevail in rare cases - like elective procedures which are not covered by insurance (i.e. laser eye surgery).
It's hard to make decisions based on price when you don't even know the price in many cases before receiving care, and you may not have any choice of provider.
The US is particularly bad in this respect. Market sources only seem to prevail in rare cases - like elective procedures which are not covered by insurance (i.e. laser eye surgery).
It's hard to make decisions based on price when you don't even know the price in many cases before receiving care, and you may not have any choice of provider.