BookRix

New York,NY

Healthcare in the US is not subject to market forces. Services, drugs and
products are not priced competitively. Insurance companies and Medicare pay
low fixed rates on behalf of patients who, without insurance, would pay
crushingly high rates for the same services. Pricing is intentionally opaque.
The medical system isn't based on capitalism, but a weirdly structured
monopolistic model that defies analysis or understanding.

A bicycle accident in Greece resulted in an emergency hip replacement at a
small provincial hospital for a family member of mine, a woman in her 70's.
This operation would have cost $30,000-$40,000 in the US. Conditions in Greece
in 2015, at the bottom of the Economic Crisis, made the hospital stay less
than comfortable, but the surgeon, trained in hip replacement at New York's
Hospital for Special Surgery, was superb. The bill, walking out the door, was
$1600.

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