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I don't see how #1 solves anything. The biggest issue which leads to all the cascading effects is the hospitals can charge a ridiculous amount for goods and ser
by tguedes 7y ago
I don't see how #1 solves anything. The biggest issue which leads to all the cascading effects is the hospitals can charge a ridiculous amount for goods and services, with some hospitals charging more than 1000% more than what the government thinks they should (https://www.theatlantic.com/health/archive/2015/06/hospitals-that-charge-1000-more-than-they-should/395099/ https://www.theatlantic.com/health/archive/2015/06/hospitals...).
I had a colonoscopy done a year ago and the prices pre-insurance ranged anywhere from $7000-$16000 depending on the location, all within network. I ended up paying just $1300 because of my insurance with a couple hundred covered by my HSA account. Why is there such a drastic price difference between places? Why are hospitals and other care providers that have a monopoly over an area able to act like a monopoly and have complete control over pricing?
Everything else is just a 2nd order effect.
- paxys 7y agoThe reason hospitals charge more is (1) they need to recoup the cost of the services they are otherwise providing for free and (2) they have no leverage to negotiate with insurance companies and drug manufacturers. Having a national or privatized healthcare system that covers everyone will greatly help with both of them.