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Which is good for pathologists (and doctors in general) because if prices were truly set by a free market we'd all be broke. Nobody is going to pay $36 to have their biopsy read plus a few $42 charges for immunostains. Not for a doctor they never see. Good luck collecting that in a free market.
Of course they will.
Do you see the mechanic charging you 150/hr to work on your BMW? Or do you just drop your car off at the dealership and pay the bill afterwards?
I would love a true free market, love it. I would easily make 2x what I bring home now.
Better yet, I would create a concierge style practice complete with office hours where people could discuss their results directly with me, for a fee of course.
Free market is based on a supply v. demand. Yeah, if you are an idiot practicing in a place with 500+ Pathologists (Boston, NYC etc), you are probably gonna get 10 bucks for an 88305.
But in a free market, specimens wouldnt flow out to even price across geographic regions. Shipping costs are HUGE. For that 88305 to get a reasonable TAT, you are looking at 40+ bucks per case for S+H. The only reason it works for stuff like Uropath, is that each case is 12+ 88305s. For Clarient, each block is 4+ IHCs+FISH etc. You cant employ a bx-->ship model for the entire speciality, its just not practical.
This is before you even begin to consider Free Market+Exclusive Contracts. For us, this is the best of all worlds. It would almost be a Standard Oil style of monopoly. That appendix you got taken out by coming into the emergency room, yah that would be 150 bucks to analyze. Given that is probably <3% of the total hospital stay, I can guarantee people would pay it.
No, a free market would be very good indeed.