Eight of 10 metropolitan areas across the nation with the highest physician prices are in Wisconsin and Madison ranks fourth, according to a report by the U.S. Government Accountability Office.
….Ralph Andreano, an emeritus professor of economics at the University of Wisconsin-Madison, said competition has little impact on health care costs because medical facilities have the same equipment and techniques.
“What usually is the case is that high cost means high quality. The state-of-the-art is costly. High-quality medicine is very costly and it’s difficult to contain it,” Andreano said.