Opinion: Seeing the ‘deep pocket’ effect when insurers pay for health care

Some Americans pay directly for their health care. Many others have it covered by their health insurance. Both groups should pay the same amount for the same services, but don’t. The “deep pocket” concept may be at work.

In their book “Overcharged,” Charles Silver and David Hyman argue that health care is expensive because it’s insured. Their thesis is that medical procedures and commodities would cost less if patients paid for them directly. Recent news stories support this argument:

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