Stossel: Insurance Hides Costs

Here's a good column from John Stossel from a couple weeks ago.

It really zeros in on the point I've repeatedly made that the cost problem with health care is the lack of a normal market, where consumers make hardly any choices at all based on cost. Most cost decisions are made inefficiently through third-parties, mainly health provider administrators, health insurance companies, and employers. The patient and doctor much of the time have no idea what anything truly costs.

It is very difficult to have a cost-efficient system when users of the system, the consumers and providers (patients and doctors) are completely oblivious to price.

See my grocery insurance analogy in the middle of this previous post.

Also see this American Spectator article on health care myths.
(hat tip Hotair)