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A comment on The U.S. could slash health-care costs with two fundamental changes. Parent comment
Unless you know the average outcomes and standard deviations choosing procedures based on cost is suboptimal.
I've never met a pre-op individual that knew how to properly choose LASIK procedures. They all use price signaling and word of mouth from post-ops.
The same is true for me in medical areas where I do not have expertise.
I think that reducing procedure selection to cost and expecting competition to fix it is an error.
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Unless you know the average outcomes and standard deviations choosing procedures based on cost is suboptimal.
I've never met a pre-op individual that knew how to properly choose LASIK procedures. They all use price signaling and word of mouth from post-ops.
The same is true for me in medical areas where I do not have expertise.
I think that reducing procedure selection to cost and expecting competition to fix it is an error.