Saturday, November 23, 2019

Free market healthcare

This EconTalk interview of Dr. Keith Smith gives an insight into what free market health care. He co-runs a surgery center in Oklahoma that shows prices in advance, honors them afterwards, and only accepts cash, checks, and credit cards. The surgery center doesn't deal with insurance or Medicare. It has worked with employers who self-insure healthcare for their employees. Dr. Smith also cites tricks that hospitals use to get more money from the federal government and that insurance companies use to get more money from employers.

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