Friday, March 17, 2017

Third Party Payments are Why Healthcare Costs Are So High

Mark Perry at AEI posts this chart showing how little of health care costs are now paid for by the people receiving the service. Is it any wonder that prices would be rising rapidly when we have almost totally removed incentives for consumers to monitor prices and control usage.

What do you think would happen to the cost of food if people only paid directly for 10% of the cost of what they ate?

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