Underlying issue of expensive healthcare costs

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What is the market failure driving the underlying issue of expensive healthcare costs for diagnostic tests, labs in healthcare?

What is the proposed policy change? what would work better if policy change was directed on the demand side (patients) or the supply side (hospitals/doctors)?

Part of the issues is lack of transparency with prices? If we had transparency would we need a policy, why or why not?

Reference no: EM133079539

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