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What's the long term stable state for American health care? Given the difference between the rate at which healthcare costs grow and the rate at which wages gro
by consz 8y ago
What's the long term stable state for American health care? Given the difference between the rate at which healthcare costs grow and the rate at which wages grow, it will only take a couple decades before the former is larger than the latter -- and at that point, only a few years until it starts becoming (large) integer multiples of the latter.
So what's the plan then? Obviously, nobody will actually be capable of paying those costs. Will people simply choose to die, or leave untreated most medical issues? Even in the case in the article's title, how could any non-billionaire justify paying such a cost? They don't even live here -- I could never imagine what sort of calculus would lead me to even pay a single dollar to someone requesting such an obscene price for so few services rendered.
- jarfil 8y agoUS Healthcare costs are fake, hospitals don't really expect to get the whole sum after they apply discounts for insurance companies, so they make them appear bigger just to get what they intended. It's only people who don't have a strong insurance company to fight on their side who get ripped to shreds.