My dog had to go to the veterinarian on Tuesday for her annual visit. Where I live vets aren’t particularly cheap, but they have one thing us human patients do not: price transparency. Since most pet owners don’t have health insurance for their pets, they are more price sensitive. Because vets don’t have many different insurance companies to bill, prices tend to be uniform. One vet we’ve patronized even has a list of lab test prices on each exam room wall. It explains the cost of various individual tests and a package price if all were performed together. Another vet has a note on the interior door that reads, “Did you make an estimate???” When is the last time you saw a sign like that in your physician’s office? Probably never.
Category: Health Insurance
The Top 10 Health Care Scams of 2021
The Lown Institute recently released its Top 10 worse examples of profiteering and dysfunction in our health care system in 2021. Lown’s so-called Shkreli Awards were named after Martin Shkreli, the “pharma bro,” whose company became infamous for price gouging. After Turing Pharmaceuticals bought the 60-year old drug Daraprim, the price rose for $13.50 a pill to $750 a…