
Keith Smith on Free Market Health Care
EconTalk
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The Complexities of Market-based Healthcare
This chapter delves into the challenges of a market-based healthcare system, illustrated through a personal tale of a rotator cuff injury. It addresses the ethical implications of financial incentives for healthcare providers, the intricacies of hospital pricing, and the implications of uncompensated care on both patients and hospitals. Additionally, it contrasts traditional hospital practices with focused surgery centers to highlight potential efficiencies and cost-savings in healthcare delivery.
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