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Monday, July 15, 2013

Sacre Bleu! Competition Between Hospitals

The Blaze reports that a surgery center in Oklahoma City has managed to keep medical costs down through the simple expediency of competition by posting their prices for procedures online, starting about four years ago. However, this is also a key point:

“Surgery Center of Oklahoma does accept private insurance, but the center does not accept Medicaid or Medicare,” the report continues. “Dr. Smith said federal Medicare regulation would not allow for their online price menu.”
They have been able to avoid government regulations in that area by simply not accepting Medicaid or Medicare payments.
Allowing (or even requiring) hospitals and doctors to publicly post prices would probably do more to reduce the costs of medical care than any government health insurance plan, including the misnamed "Affordable Care Act" (aka, ObamaCare). Yet, the government actually prohibits it. 

(H/t Instapundit)

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