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Normally, I'm all for invisible hand capitalism for most things, but clearly in the case of medical services it's completely broken. What we need is price ceil
by pascalxus 8y ago
Normally, I'm all for invisible hand capitalism for most things, but clearly in the case of medical services it's completely broken.
What we need is price ceilings on medical procedures, something reasonable. Perhaps, cap procedures cost in some way, maybe 1k to 4k based on what it is (make it illegal to charge more and hold hospitals financially accountable). There has to be some kind of cost control, either from the government or the insurance companies. We can't expect patients to choose these cost controls. I realize this means that some procedures won't be done but it's better than bankrupting everyone left and right.
- travisoneill1 8y agoSo killing people who need expensive treatments is better than bankrupting them?
- malvosenior 8y agoIt's only broken because of regulation. If I could shop across state lines for insurance, prices would drop. I may not even opt to get insurance as I'm very healthy and I've never had medical costs approach even an order of magnitude of my insurance costs. Yet I'm forced to purchase this unneeded service by the government, pushing up demand and prices in an artificially controlled market.
- amanaplanacanal 8y agoI see this mentioned a lot as a cost cutting measure: buy insurance across state lines. I don't see how purchasing insurance in another state would help. Every medical facility where you live would then be out of network. How do people think this would work, exactly?