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The sources you shared seemed to indicate that the government declares what it's willing to pay for particular services and only pays that. I'm not sure if that
by DangitBobby 5y ago
The sources you shared seemed to indicate that the government declares what it's willing to pay for particular services and only pays that. I'm not sure if that's the same as
> The "insurers" (better referred to as managed care organizations - MCOs) are simply hired to implement the government's pricing and reimbursement policies, and to take the heat from vendors and the public.
Could you perhaps quote a relevant portion that indicates private insurance operates at the pricing whims of the government?
- lotsofpulp 5y agoThe comment I was replying to stated this: >What's been created is effectively an endless positive feedback loop to negotiate prices upwards, fueled by rampant information asymmetry and profit motive. And offered this as a solution: >We desperately need some kind of government intervention against this in the US. I'm convinced that single payer would fix this in a fucking jiffy. The fact that the US government is already intervening in over half of all healthcare spending, and for at least 45% of people, seems to be a relevant counterpoint that this problem is not caused due to a lack of government intervention and the way insurers negotiate with healthcare providers.