One reason I don't think Baumol's cost disease explains skyrocketing US healthcare costs is that plastic surgery isn't behaving the same way. The avg breast augmentation in 1999 was $3.1k — $3.5-3.9k in 2009, $3.5-4k in 2018. Adjust for inflation & the price is actually droppinghttps://twitter.com/ArtirKel/status/1198664967073026049 …
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The other industry where you do not know until after the fact is when you get lawyers
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With fewer health care regulations, the market might converge to transparent pricing by itself. Some hospitals are doing this already. https://www.econtalk.org/keith-smith-on-free-market-health-care/ …
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