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08.19.09, 06:00 AM EDT
Why patients are in the dark on medical costs.
WASHINGTON — By now, thousands of pages of legislation have been devoted to reforming America’s health care system. But relatively little of it will clean up one of health care’s murkiest areas: pricing.
Free-market economics is predicated on the idea that people make informed choices about what they consume through prices, which signal the value of goods and services. Unlike the markets for books, cars, groceries and other goods, pricing for health care procedures is done behind the scenes by insurance companies, medical providers and the government.
A plea for a more rational system
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