The New York Times Ignores the Free Market

Wow, you are not going to believe this but studies show that Americans are charged more for many healthcare items. Yep. It’s true. Thank goodness the NYT finally revealed that to us:

Patients and insurance companies in the United States pay higher prices for medications, imaging tests, basic health visits and common operations. Those high prices make health care in the U.S. extremely expensive, and they also finance a robust and politically powerful health care industry, which means lowering prices will always be hard.

For a typical angioplasty, a procedure that opens a blocked blood vessel to the heart, the average U.S. price is $32,200, compared with $6,400 in the Netherlands, or $7,400 in Switzerland, the survey finds. A typical M.R.I. scan costs $1,420 in the United States, but around $450 in Britain. An injection of Herceptin, an important breast cancer treatment, costs $211 in the United States, compared with $44 in South Africa. These examples aren’t outliers.

This is such bad reporting. First of all, these are the same idiots who won’t give this administration credit for pushing for price transparency. The stuff you see in the article is just plain propaganda for their political idealism. The US prices are NOT an average price. No one knows what the f%ck those prices are because the hospitals and insurers won’t give them out. If the author bothered to look around at those places that do cash procedures then the same MRI is around $500, which is what the moronic author states it is in Britain. And why not interview Dr. Keith Smith about his Surgical Centre of Oklahoma? His cash prices are cut rate. Or was that too much work for you, Margo Sanger-Katz?

I guess so. Instead, you have this:

The single-payer plans Senators Bernie Sanders and Elizabeth Warren have proposed would use a large government insurer to set prices for all medical services. Both campaigns assume substantial savings would result as that government system lowered prices across the board: for doctors, hospitals, medical devices and drugs.

Yeah, because the government has been great at saving money and giving great care.

Let the free market work! Take the third parties out of game and let them do what insurance is supposed to do, which is to cover for a future catastrophic event.

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153820cookie-checkThe New York Times Ignores the Free Market