Not true. The Surgical Center of Oklahoma, a purely for profit clinic that does not take insurance, has not raised the rates for any of their services since 1995.
Yes, they have not raised rates...despite inflation
That's true profit healthcare.
What we have is a monster hybrid between government healthcare and subsidized, monopoly care
Ideally the party in opposition to government-funded healthcare would do this.
Source?
>Had the pathology fees that apply to the examination of breast masses not increased, our price would be the same now as it was in 1997, but alas it is now $2,365. Only three other fees have increased since we began quoting them over the phone in 1997.
That said, I'll admit that the claim is broadly true.
https://mises.org/wire/why-arent-there-more-free-market-surg...
Costs have continued to rise because provider organizations have been merging in order to gain more market negotiating power. Expensive patented drugs and medical devices also play a major role in driving up costs.
The last local obstetricians were pushed into hospitals and large groups by insurance companies paying them 20-40% of prevailing fees. They now make more per procedure and don't have to pay for facilities or do billing. Why would the insurance company pay so much less? Because once the cartel is created their profit (and pricing) will double.
That is for profit healthcare for you. Costs guaranteed to grow at DJI rates.