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Many many reasons. Health care in the US is very expensive because providers have monopolies in most markets. Pharmaceuticals are also the most expensive in the
by satya71 6y ago
Many many reasons. Health care in the US is very expensive because providers have monopolies in most markets. Pharmaceuticals are also the most expensive in the world. The govt spends a lot of money, but in a way that makes market efficiencies impossible to achieve. Ultimately, that results in very high prices.
Essentially, no participant in the market has an interest in reducing costs.
- redler 6y agoFurthermore, the business goal of health insurance companies is to not pay for health care, to the greatest extent possible, given regulations and market dynamics. They even call it "medical loss". It's right on the tin.