4 ms·
" So the average taxpayer has to buy their own health insurance in addition." How the money is collected is pretty irrelevant (indirectly via taxes or directly
by adventskalender 7y ago
" So the average taxpayer has to buy their own health insurance in addition."
How the money is collected is pretty irrelevant (indirectly via taxes or directly by the insurance company or physician). What matters is the overall cost.
- pnutjam 7y agoDon't forget profit, and the incentive for insurance companies to care less about what they pay and probably prefer higher prices.
- adventskalender 7y agoWhy would insurance companies prefer higher prices?
- pnutjam 7y agoTheir profit is capped at a percentage of payouts. Pay more keep more profits (after raising rates).
- afarrell 7y agoIt is relevant due to the complexity and uncertainty imposed. When I lived in the US, I didn't have a way of learning how much an interaction with a medical system would cost me. Now that I live in the UK, I do.