05/18/2020 (Mon) 15:18:11
Imagine an auto mechanic replacing your tires and billing you US$500 per tire after completing the work. When you remark that everyone else sells the same tires for $80 each, should the mechanic be entitled to arbitration to resolve your disagreement? As a general matter, the law says no. To the contrary, if the auto mechanic did not state the price in advance, the law requires you to pay no more than the market price that everyone pays. Arbitration is just a backdoor strategy to extract unearned money from patients and insurers.