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Podcast: PRay TeLL, Dr. Hash
Episode: 299 The Problems With Healthcare
Description: America's healthcare costs are approaching 20% of its GNP. It's incongruently expensive because it's a natural monopoly, which means people have no choice in what they pay. How many ads do you see claiming lower prices for medical care? Where are the sales? Worse, in many situations consumers of healthcare have no choice whether to buy because their life literally hangs in the balance. When consumers have choice, like with elective surgeries such as Lasix and breast augmentation, prices are relatively cheap due to Market Pressures, but most of healthcare is not amenable to Market Pressure, there is no cost...