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> These costs increase to the maximum amount the individual is willing to sacrifice to obtain these services. Individuals do not pay for healthcare services, m
by ntsplnkv2 6y ago
> These costs increase to the maximum amount the individual is willing to sacrifice to obtain these services.
Individuals do not pay for healthcare services, many do not know the actual true costs.
Individuals in most cases do not pay - insurance companies do. This explains the high costs moreso than your example,.
- viklove 6y agoI wonder where the insurance companies get all this money...
- ntsplnkv2 6y agoThey get the money from individuals who are not using healthcare. That's the point. Insurance companies minimize payouts to maximize profit - but they offer coverage that they often can't control the price of. It becomes a business negotiation between the hospital and insurance company. The actual patient and the services rendered are many times irrelevant. If pricing was based on individual consumers you would see that reflect in pricing - no one would overpay for a cotton swab, for example.
- viklove 6y ago> They get the money from individuals who are not using healthcare. :thinking-face: That's weird, I use healthcare, and yet I still pay monthly premiums. Can you explain why I don't fit into your explanation?