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It’s worth writing a long article about. In the US there’s no cost conscious party that does price shopping or similar to bring the costs down. There’s only cos
by 8ytecoder 7y ago
It’s worth writing a long article about. In the US there’s no cost conscious party that does price shopping or similar to bring the costs down. There’s only cost pushing parties. Hospitals pushes it to insurance, insurance to employers and employers to the govt as a tax write off. The person getting the treatment only looks at where the “best” care is. That is usually a code word for finding the most expensive hospital my insurance will cover. Insurances don’t have the power - and also they mostly don’t care - to negotiate with hospitals. Employers have to provide coverage by law. So they do the least they can to satisfy it. Who in this system keeps the costs in check?
- lotsofpulp 7y agoThe insurers would be able to keep the costs in check, IF the employers were taken out of the equation. With employers, especially white collar ones, siphoning the healthy lives into their own separate insurance pools, the remaining pool of lives is costly to insure and thus only a very small number of insurers can afford to exist. If the pool of healthy lives was bigger to offset the cost of the sick lives, then multiple insurance companies can exist and compete on healthcare.gov to offer lower premiums which they can offer because they negotiated lower prices with providers.