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>I trust an insurance company and healthcare provider because they are adversaries. Insurance vs insurance, insurance vs provider, provider vs provider. They're
by csydas 10y ago
>I trust an insurance company and healthcare provider because they are adversaries. Insurance vs insurance, insurance vs provider, provider vs provider. They're being driven with competition and ultimately greed. If one of them does a bad job, another that's doing better will replace it. They're all playing with their own money.
I mean, alternatively, doesn't the ultimate utilization of what the market can bear mean "no aggression pacts" between companies? As far as I've observed change in local options and markets in recent years hasnt been from innovation or disruptive new comers in many healthcare fields but instead buyouts and mergers consolidating the power until you're left with giants that just sort of leave one another alone. This doesn't breed competition, it breeds complacaency and a market with extremely few choices.
I don't know the answer but this idea that corporations will fight for our dollar doesn't sit well with me, as the current state of healthcare options shows this to not be the case. The barrier of entry just on cost (equip, doctors, medicine) excluding regulatory issues is prohibitive, and doubly so for insurers. Disruptive forces that would provoke competition or a change in pricing just seems too difficult to get off the ground.
- colechristensen 10y agoThere are plenty of markets where competition drives the margins to near zero. I'm not saying medicine can or should be one of them, but something along that trend is wholly possible. The government _does_ have a role in this. They need to be there to foster the healthy competition environment with appropriate legislation and regulation. Part of that healthy regulation is punishing highly illegal "no aggression pacts" and enforcing antitrust laws to prevent mergers that would suck out the competition.