Is there a relationship between cost and price for any given product or service in healthcare? Should there be? Many would concede that healthcare prices are irrational . How did prices get this way?

Healthcare industry

1. Is there a relationship between cost and price for any given product or service in healthcare? Should there be?

2. Many would concede that healthcare prices are irrational . How did prices get this way?

3. The public and those that represent the public (legislatures, insurance companies, consumer groups) have concluded that healthcare prices are outrageous. What can the healthcare industry do to restore public confidence?

4. Healthcare prices are not, and perhaps should not, be set like prices in other industries. Compare how healthcare prices are set to how automobile prices are set.