David John Marotta was interviewed on radio 1070 WINA’s Schilling Show discussing the economics of third party payer systems.
A third party payer system is any system in which the person who chooses the product doesn’t pay the entire cost.
For more discussion on the topic, see these articles:
- Do We Need Price Controls to Stop Exorbitant Hospital Fees?
- Third-Party Payer Markets
- Why are Canadian Drugs Cheaper?