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Subject:  What Free Market Medicine Looks Like Date:  11/15/2012  10:01 PM
Author:  2828 Number:  655401 of 883100

This helpful reminder of the value of price signals comes to us from Reason Magazine and Reason TV, which underscores why ObamaCare won’t actually do anything to lower medical costs. Two surgeons in Oklahoma City got tired of working within the third-party-payer construct and started posting cash-up-front retail costs for surgeries on their website. The result? Patients responded to the honest approach, and surgeries took place at a significantly lower cost than within the traditional insurance/Medicare model. Why? Because these patients didn’t have to subsidize surgeries for other people — or pay for expensive administrators to deal with the issues arising from the third-party-payer model:

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