Few people understand the high costs of medical services in the United States better than David Chan, a practicing physician and Stanford economist specializing in health care. But even Chan isn’t immune from sticker shock at the doctor’s office.
On a recent visit to his doctor, Chan underwent a routine test for seasonal allergies. He figured it would cost about $500. The actual charge was closer to $5,000. To Chan, a SIEPR faculty fellow and assistant professor at the Stanford School of Medicine, the experience illustrates what’s hobbling U.S. health care.