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The Market for Medical Care Should Work Like Cosmetic Surgery
National Center for Policy Analysis [NCPA] Link to more items from this source
[Opinion]
May 21, 2013
"When patients pay their own medical bills, they become prudent consumers. Thus, the real (inflation-adjusted) price of cosmetic surgery fell over the past two decades -- despite a huge increase in demand and considerable innovation. Since 1992: The price of medical care has increased an average of 118 percent. The price of physician services rose by 92 percent. All goods, as measured by the inflation rate, increased by 64 percent. Cosmetic surgery prices only rose only about 30 percent."

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