Why are Hospital Prices Fictional?

Why do hospitals mark up prices by 800%? Why do hospitals have no idea what it costs to provide each particular service? This video uses economic theory to walk you through some seemingly contradictory features of the hospital industry and the reason prices are so chaotic.

[@CC-kl4nh]

I used to work in a children’s hospital. Disillusionment unhappiness among healthcare staff is real.

[@jotsnab8463]

btw, your voice really reminds me of Pam from the office, in the best way possible!

[@p__jay]

When a natural delivery of a baby with no complications costs $36K, something is very wrong and has to be regulated…

[@macgarnicle]

Unless regulation is what causes the high price (barriers to entry).
Maybe a change in the type of regulation is the answer?

[@MorinDrenn79]

Instead of wasting time being polite: GET TO THE F***ING POINT!