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I think it's less that they're charging "too much" money, and more that costs are too high (which can be true for plenty of reasons other than profit). I belie
by binaryorganic 10y ago
I think it's less that they're charging "too much" money, and more that costs are too high (which can be true for plenty of reasons other than profit).
I believe that single payer systems can bring prices lower with more efficiency, but there are plenty of things that can be done that are less controversial (combating waste, increasing administrative efficiencies, etc).
One personal example from my life that put health care costs into perspective was surrounding the issue of Midwives vs. OB/GYNs when we were having our first child. We were approved by our insurance to have an OB/GYN deliver our child, which would cost the insurance company about $5,000 if everything went well (more if there were complications). But they wouldn't cover us at all if we delivered the child with a midwife, which cost about $1,500 and has been shown in study after study to reduce the likelihood of more costly intervention.
In our case, we paid the midwife out of pocket, but there are so many people that don't have the economic freedom to make that choice and the result is that their insurance companies pay far more money for child births than they would have otherwise had to.
Again, just one example, but I'm sure there are thousands more.