…the prices your insurance company pays are based on a set of values listed in a phone-book sized directory of billing codes. Those codes are pretty much the economic hierarchy of modern medicine… And those values are set by a closed-door committee of the American Medical Association. At the Marketplace Health Desk at WHYY, Gregory…
Tag Archive for Medical Industry
Economics
Fact: US Health Care Worst, Most Expensive
by Lee Adler • • 2 Comments
The insurance lobbies and medical service industry propagandists love to report the horror stories about wait lists in nations with universal coverage. It’s true they do ration care. But there’s rationing in any system. The question is fairness. The US system rations, but it does so arbitrarily, capriciously, and unfairly. Rationing in countries with universal…
