market-ticker.org / by Karl Denninger / 2016-11-19 11:35
Recently I penned an article entitled Listen Carefully Folks.
It made quite clear what will happen if we do not address monopolists in Health Care — all of them.
From hospitals, to doctors themselves to pharmaceutical companies to medical supply houses and even insurance — all of them are filled with monopolists, and a monstrous percentage of what each of these firms and individuals do as it pertains to how charges are generated, billed and collected is a clear violation of 100+ year old federal law.
Let me remind you what that law says:
Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal. Every person who shall make any contract or engage in any combination or conspiracy hereby declared to be illegal shall be deemed guilty of a felony, and, on conviction thereof, shall be punished by fine not exceeding $100,000,000 if a corporation, or, if any other person, $1,000,000, or by imprisonment not exceeding 10 years, or by both said punishments, in the discretion of the court.
Refuse to tell me what you’re going to charge me before you perform a procedure? You’re restraining trade — my ability to shop various providers before I commit to a procedure. Go to prison.