Why can't US healthcare have a law limiting out-of-network rates?
US is the most expensive country for healthcare costs. While there are minor reasons like lifestyle, guns, drugs which make more people need medical treatment, the real reason is predatory pricing. Identical products and services are sold for vastly different prices based on the buyer's (or insurance provider's) capabilities. In-network and out-of-network costs can easily differ by 5000% or higher with sometimes zero transparency.
So why doesn't US Congress pass a simple law that says prices of goods and services should be transparent and out-of-network prices and in-network prices cannot differ by more than 100%?
Won't that bring fair market economics lowering healthcare prices while simultaneously retaining the benefits of capitalism?