To add to Michael’s post on absurd hospital billing, there’s also the case of the $100 tablet of Tylenol. (The actual story some years ago was of a U.S. hospital that billed insurance $200 for two tablets.) People will tell me that the problem with U.S. health care is “greedy free enterprise.” There’s the Charles Krauthammer theory: health care is a unique good that naturally comes with absurd costs. The U.S. system is a more or less efficient one that is reflecting natural scarcity. So why is Tylenol 12 cents per tablet on Amazon (and about the same price at … Continue reading Tylenol at $100 Per Tablet