Answer the following in regards to healthcare economics:

2. Why are private prices so high in the United States?
4. How are commercial insurance prices set for hospital services?
6. How are Medicare prices set for physicians’ services?
8. Should governments be involved in private price negotiations?
10. Would consumers be better off if healthcare prices were nationally negotiated?
12. Are other countries’ governments involved in healthcare pricing?

Answer rating: 100% (QA)

1 Private prices are high in the United States for several reasons Lack of price transparency Patients often have limited information about the costs of healthcare services leading to a lack of price ... View the full answer