4 ms·
Emmm, most insurance policies are $7,000 a year in premiums (the cost is split between the company and the employee). And if you actually use it, then you are
by anoncoward111 8y ago
Emmm, most insurance policies are $7,000 a year in premiums (the cost is split between the company and the employee).
And if you actually use it, then you are talking about another $5,000 - $7,000 in yearly out of pocket max spending.
So conceivably, a very sick person is spending $14,000 a year to keep themselves alive
- maxerickson 8y agoto keep themselves alive Your argument is that this somehow isn't worth $14,000 a year? Like I say, It'd be great if US prices were closer to cost of delivery (cost assuming reasonable regulation).
- anoncoward111 8y agohehe, ok I see what you mean! Sure, if the consumer is receiving value (not dying thanks to thyroid medication or etc) then this is certainly a good thing. however as you say, we want the cost of the product/service that is keeping you alive to be near the cost of what it actually costs to deliver that result. In the case of nearly all drugs, a $100 brand name pill really only costs $1 per bottle to manufacture, with a lot of profit, legal and lobbying fees, and salary bloat baked into the margins along the way. So $14,000 a year really honestly should be around $1,400 a year. Like, if i get my appendix out, and I pay $1,400, the hospital and surgeon are still making awesome money. It just so happens that in the US, they've inflated the price tag of that surgery to $80,000 lol