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How Third-Party Payers Drive Up Medical Costs

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Tags InterventionismPricesValue and Exchange

09/30/2014Willem G. Cornax

The modern health insurance industry, a by-product of government regulation and tax policy, has led to a system in which the consumer of medical services doesn’t know the costs or final prices charged for services. Without a functioning system of price signals, prices cannot be contained, writes Willem Cornax. This audio Mises Daily is narrated by Keith Hocker.

Author:

Willem G. Cornax

Willem Cornax studied Law at Leiden University where he wrote his thesis on new EU taxes from the perspective of the Austrian School. He lives in the Netherlands and is an alumnus of Mises University.

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