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Keith Smith on Free Market Health Care

EconTalk

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Innovative Healthcare Practices and Market Dynamics

This chapter explores the emerging trend of employers utilizing international medical facilities to cut healthcare costs, focusing on a case where employees are incentivized to have surgeries in Mexico. It discusses the role of self-funded health plans and ERISA, while highlighting the importance of transparent pricing in promoting competition within the U.S. healthcare system. The chapter raises critical questions about access to care for financially constrained individuals amidst ongoing challenges posed by insurance companies and entrenched medical interests.

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