Uwe Reinhardt: 'If Colleges Worked Like Health Care'

Great post by one of my favorite economists, Uwe Reinhardt, in the New York Times' Economix blog:

They would be stunned not only by the sheer length of the invoice and the total amount billed, but also because so many line items would be expressed in either Latin or Greek and thus be completely incomprehensible to most parents. Upon requesting a fee schedule from the dean of the college, the latter would patiently explain that different prices had been negotiated with different parents and that all of those fees are proprietary information.

Read the whole thing. So true.