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Differences in Prices and Spending Under Medicare and Private Insurance
The New York Times via Physicians for a National Health Program [PNHP] 
Dec. 15, 2015
"[T]here is very little correlation between variation in Medicare spending on hospital services, which is primarily due to variation in the volume of services, and variation in private insurer spending, which is primarily due to varying effectiveness of insurer price negotiation that relates to the market power of hospitals as determined by their degree of market concentration.... Current policies are designed to cut back on use of health care services more than on prices.... But what we needed were policies to control high prices."
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