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How Third-Party Payers Drive Up Medical Costs

September 22, 2014 in Economics

By Ryan McMaken

Caduceus Medical Symbol chrome

Mises Daily Monday by Willem Cornax:

The modern health insurance industry, a by-product of government regulation and tax policy, has led to a system in which the consumer of medical services doesn’t know the costs or final prices charged for services. Without a functioning system of price signals, prices cannot be contained.

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