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> The free market is not a solution to the problem of healthcare spending. Consumers do not have enough information, they aren't in position to refuse treatment
by legitster 5y ago
> The free market is not a solution to the problem of healthcare spending. Consumers do not have enough information, they aren't in position to refuse treatment if it's too expensive,
I may partially agree. Consumers do not have enough information because hospitals intentionally keep it from them.
Even in situations where I can call around or schedule a procedure, it's amazing how few places even know or will tell me. Or straight up lie without consequences.
- logosmonkey 5y agoMostly they don't really know. Or they don't know if you have insurance anyway because it's so all over the place with what gets covered and what that specific Healthcare provider has negotiated. Maybe they have some actuaries who could actually tell you what a close approximation would be but that info never really filters down to folks in the call centers or at a front desk. I have worked on the supply side, the insurance side and currently the provider side and it is all messed up. Across the board it's just a travesty of inefficiencies and opaque rules. There just isn't a real way to shop around with our current system even though proponents of the system love to say that's what we all should be doing.