#HealthcareReform #MonopolyPower #MedicalDebt
www.bostonglobe.com
Putting a lid on high hospital bills - The Boston Globe
The high prices that distress Jha and Papanicolas are perhaps the most common manifestation of monopoly power. However, masking this unpleasant symptom with price ceilings not only would do nothing to cure what actually ails the patient but it also would cause that monopoly power to manifest itself in even worse ways, such as delays in medical treatment, reductions in quality of care, and surcharges on services that are now supplied gratis as part of health care packages, such as patients' hospital meals and bed-linen changes.