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Insurance companies need to be expropriated. The entire thing needs a restructure from the ground up, there are too many critical path issues that will keep thi
by weeksie 7y ago
Insurance companies need to be expropriated. The entire thing needs a restructure from the ground up, there are too many critical path issues that will keep things expensive if we try to have two systems at once (medicare for all + private)
the US should get real medicare, then move to a public/private system where you get base coverage through medicare and pay extra for fancy coverage.
- geggam 7y agoSimply removing insurance and letting the free market adjust would fix the issue. When I was a kid no one worried about hospital bankrupting the family. Now anything larger than a paper cut has the chance to bankrupt most families. Combine that with the accident rate in cars you have an almost certain chance for a large percentage of the US to be bankrupt
- weeksie 7y agoFree markets don't work with the information asymmetries involved in healthcare.
- geggam 7y agoOdd how it worked before insurance took over the healthcare system. Care to share what you see would be different ?
- zanny 7y ago50 years of medical innovation leading to the propagation of procedures, medicines, and equipment costing upwards of tens of millions of dollars to procure and maintain. Nobody is equipped to try to make an informed purchasing decision on if they want the $50k or $100k option to try to save their life while bleeding out of a gurney after getting hit by a car.
- pembrook 7y agoOh yea, we're forgetting about the no insurance glory days of pre-WW1 medicine! If your definition of "worked" is letting everybody die because most of modern medicine hadn't been invented yet, than sure, going back to those days would certainly drive down costs. No need for those expensive CT scan machines anymore, just rub some dirt on it.
- dnadler 7y agoThat would kill a lot of people as the market adjusts...
- geggam 7y agoYep, solve global warming crisis, food crisis, insurance crisis Life is harsh and the system we have setup will require this or war to change. You pick how the death happens. The fact death has to happen for change is inevitable ( channeling thanos here )
- spiznnx 7y agoThanos was the bad guy you know.
- TheOtherHobbes 7y agoThe medical insurance industry is a free market. That's why it's such a disaster. "Free markets" are certainly not free in any meaningful sense of the word. In practice they make no distinction between activities that provide customer value for a competitive price, and activities that are institutionalised economic extortion maintained by political lobbying and regulatory capture leveraged by plentiful access to capital. The whole point of "free market" rhetoric in the US is to promote the latter while pretending to promote the former.
- geggam 7y agoEliminate all insurance. It's an algorithm to take profit from shared costs based on fear