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Your link doesn't support your claim about shopping around. Most health insured patients can "shop around" in their network, which is a list of pre-negotiated
by three_seagrass 4y ago
Your link doesn't support your claim about shopping around.
Most health insured patients can "shop around" in their network, which is a list of pre-negotiated priced providers that the insurance company has approved. Providers that are already vetted to be the lower cost for insurance, created through purchase power. And that's assuming it isn't an HMO, for which there is no shopping around.
There are not enough options for real market competition in healthcare.
- adam_arthur 4y agoMy comment's point was that it's theoretically possible for healthcare to allow for shopping around, but in practice it's not. Due to lack of price transparency and lack of incentives for consumers to care (max out of pocket)
- diob 4y agoI love how we go to theory instead of looking at other nations where healthcare works, like Australia. American exceptionalism at it's finest.
- adam_arthur 4y agoAmerica didn’t become great by copying Europe. Or Australia. There are obvious flaws in the healthcare system that are apparent from first principles. No need to blindly copy others. Removing incentives for people to use the system efficiently leads to poor outcomes in different ways
- diob 4y agoI never said blindly, but I do love that you admit to thinking America is great. What other countries do you think are great?
- adam_arthur 4y agoMore people want to move here than anywhere else in the world, enough evidence for me.
- shigawire 4y agoIt's evidence for more migration being permitted from places that are worse off. That is not evidence of greatness. Out of the frying pan, into the fire.
- diob 4y agoI think if you visit a place like Australia you'll realize it's much more of a melting pot than here. Believe it or not, you were raised by American education to believe this is the best country in the world. Take some trips, you'll change your mind if you get out into the world.
- diob 4y agoJust like how we can shop around for our internet here :) It's wild to me how folks will continue to support the predatory healthcare industry here.
- adam_arthur 4y agoYes, increasing competition will lead to better results for society, in all markets. Through competitive pressures which drive down cost and encourage increases in quality. There is very little competitive pressure in healthcare from the consumer due to the issues already mentioned above
- diob 4y agoYou're not wrong that competition helps, but you're being naive if you think healthcare is a market, or that it would not eventually be captured like so much else in the USA. In fact, I think you'll find most of healthcare has already been captured by private equity, resulting in worse outcomes for the both doctors and patients.
- throwaway78987 4y agoBingo
- adam_arthur 4y agoHealthcare is inefficient for many reasons, most of which stem from poor laws/controls, lack of individual incentives, and poor transparency. All of which can be solved trivially via well structured laws without radically overhauling the healthcare system. Protectionism limiting the number of doctors inflates wages, lack of price transparency removes ability to comparison shop, max out of pocket plans remove incentives to consider cost in care. All of these are easy to solve once they're identified and understood as problems. When you look at disciplines where pricing is transparent and insurance isn't generally involved, like cosmetics/plastic surgery, the costs are quite cheap. Because it actually acts as a competitive market with incentive for consumers to comparison shop