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by adam_arthur 1586 days ago
There are a lot of "obvious" things in medicine that could be easily solved if there were political will. The reason most things are expensive is due to existing regulations that add unnecessary hurdles.

For example, prescription glasses can be made for a few dollars, but often cost over $100 and you have to pay to see the optometrist for a prescription.

In reality, you could walk up to an automated machine, have it assess your vision, and pay $10-$20 for a pair of glasses. This has actually been proven in other countries that allow you to buy glasses without a prescription. In a competitive market, price of a good tends to trend towards marginal cost of production... which is clearly not the case in a lot of medicine/vision etc.

Also, my copay for one of the medicine's on Cuban's site is $50, but on the site it's $3. Why is this? Seems some exploitation of incomplete information... could be fixed through regulation... like requiring pharmacies to show pricing of generics when filling prescriptions.

Also hospitals don't list pricing... though there was a rule passed under the Trump admin that requires them to do so. Not sure if this is in an easily consumable format yet.

So I agree with your sentiment, but don't think it can be disrupted without changes in law. Primarily there is way too much information asymmetry in all areas of medical care