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I think a big part of this is, like health care, insurance hiding the true cost from consumers. I have a vision plan as a benefit from my job. Covers exams and
by ams6110 8y ago
I think a big part of this is, like health care, insurance hiding the true cost from consumers.
I have a vision plan as a benefit from my job. Covers exams and eyeware, so I have never paid more than a small co-pay for glasses and I had no idea what the cost was behind the scenes.
The insurers don't care as they just pass the cost along to the employers who pay for the policies. The employers don't know any better.
This is a case of market pressure on prices being totally eliminated by layers of bureaucracy and obfuscation.
- Someone1234 8y agoIt is worth noting that the same company selling you glasses also owns most Vision Insurance plans. The plans only cover their vendors.
- zymhan 8y agoAnd that company is EyeMed. Your Vision insurance is almost certainly through them. https://en.wikipedia.org/wiki/Luxottica https://en.wikipedia.org/wiki/Luxottica
- zippergz 8y agoI don't know the numbers, but for my entire working life across several companies, my insurance has been through VSP, not EyeMed. So "almost certainly" seems like an overstatement.