Planet Money
Originally published on Thu May 9, 2013 1:44 pm
Economists think prices are close to magic — constantly changing signals that help people figure out what to buy and who to buy it from (and what to sell and who to sell it to).
But in health care, it seems like nobody knows the price of anything. This recent study, for example, found most hospitals can't provide an up-front price estimate for a hip replacement.
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