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Interesting - companies can still charge what they want, this just forces a big subsidy by insurance companies / medicare. Traditionally if price to consumers
by tempnow987 5y ago
Interesting - companies can still charge what they want, this just forces a big subsidy by insurance companies / medicare.
Traditionally if price to consumers / demand is unchanged by price increases, companies should be incentivized by this to increase prices no? The rate you pay stays $35, and demand does not drop, but profits rise up.
- ccooffee 5y agoYea, this doesn't seem great. In my opinion, one of the biggest failures of the Affordable Care Act was the guarantee of profit for insurance companies. This bill looks like the same sort of problem. "Insulin capped at $35/month" sounds great, but it buries the point that prices AREN'T actually being fixed. They're just shifting the increased cost from individual patients to the collective (via insurance companies). My insurance costs are going to go up so that pharma corporations can continue to fleece patients, and there's nothing in this bill that would prevent this.