CNN Fareed Zakaria GPS March 24, 2013 17:05:00
He painstakingly went through the actual bills that hospitals put out and found they charge massively for routine procedures and medicine. he found for example a routine blood test was billed to patients at a hospital at the rate of $199.50. medicare pays for that same test $13.94. he agrees that the health care industry is not a real market but for different reasons than many on the right. he says there is so much confusion, so many monopolys and disinformation it cannot function as one. most important, he says, is that the consumer when buying health care simply does not have the power to ac...