same with LASIK
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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Could also look at dentistry. My personal impression is that the dental market is much healthier than the rest of medicine in terms of prices & insurance. Paying out-of-pocket is not crazy, and you can actually find out what the price will be without going to a special department
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Is this accounting for demand? Is it possible plastic surgery has just gotten less popular relative to the number of doctors specialising in it?
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How much does Aetna spend on restalyn
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Cosmetic plastic surgery isn’t covered by any kind of health insurance, so the free market dictates prices.
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LASIK is an even stronger example. But it’s really most medical procedures not covered by insurance.
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It's just a free market that posts real prices vs one that's opaque and paid for indirectly.
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