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> But cost of healthcare is astronomical in part because malpractice insurance is expensive, because too many people abuse it. You pulled the “trigger a Europe
by ruph123 6y ago
> But cost of healthcare is astronomical in part because malpractice insurance is expensive, because too many people abuse it.
You pulled the “trigger a European” card.
This is not why the US healthcare is astronomically high. The reason is: practically no meaningful regulation and thus free roaming oligopolies of a few providers with insane billing practices (which hospitals are covered, etc.). And much more...
- KptMarchewa 6y agoAnd some of the meaningful regulation drastically increases costs. Mostly for good reasons.
- ruph123 6y agoWhy would that be? In countries with universal health care (which would be pretty high up on the regulation scale) costs for medical procedures are significantly lower. [0] Americans have to understand that they are drastically overpaying for almost everything medical including drugs. There is no way around it. [0]: https://www.healthnewsreview.org/2012/03/comparing-health-care-costs-in-us-and-8-other-countries/ https://www.healthnewsreview.org/2012/03/comparing-health-ca...
- KptMarchewa 6y agoOh yes, but it's pretty different when you're regulating interactions between complex network of private entities, and just telling state health fun to cover some procedure.