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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This is my impression also, but are there any available counter examples? Add fertility treatment to the list. It is partially covered, but mostly out if pocket and the tech and quality of services is advancing fast.
IVF is complicated because it involves a complicated mix of services (physician examinations, blood testing, pharmaceuticals (some non-generic) & surgery) & usually must be provided by multiple physicians working in tandem
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Wife and I have been through IVF and IUI. Have worked with many different providers. Competition forces are alive and well. Everyone has different systems, no two providers were alike in their approach (in Seattle area). Each provider offers the full stack of services.
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I suppose they are competing within the range they are able and that range may not include many critical components (such as, the drugs), but you can get a variety of different levels of intervention and you know the prices before you take any path. Transparency is high.
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