Here’s an interesting video from Reason TV showing free market health care in practice. It’s a surgical center in Oklahoma City that actually posts the prices for surgical procedures online, so patients know up front what the cost will be. The center has cut out third party payers – insurance companies and the government – thereby reducing administrative expenses. The cost of services at the center is lower, much lower, than the cost at a nearby hospital.
Ed Morrissey notes that another reason rates are so much more affordable at that this center is that the patients aren’t forced to pay for the care of others like they are with traditional and government insurance. Unfortunately, under Obamacare, health care quality in the US is going to decline.
(Funny, as I write this a Democrat congressman is on TV right now talking about how they are going to reduce the cost of health care. It’s laughable.)