Limited competition Not just due to barriers to entry.Also: Because of insurance, Prices not transparent Moral hazard for insured patients Government often sets prices Emergency nature of health care means that patients are unable to search for the "best"and “cheapest”hospital Bhattacharya,Hyde and Tu-HealthEconomics Bhattacharya, Hyde and Tu – Health Economics Limited competition Not just due to barriers to entry. Also:  Because of insurance,  Prices not transparent  Moral hazard for insured patients  Government often sets prices  Emergency nature of health care means that patients are unable to search for the “best” and “cheapest” hospital