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What does it take to open it up? You can't get to competitive pricing without transparent pricing, which you can't have with our opaque payment system. No one c
by DangitBobby 4y ago
What does it take to open it up? You can't get to competitive pricing without transparent pricing, which you can't have with our opaque payment system. No one can tell you how much something is gonna cost, even after services are rendered, until much later usually with a bill in the mail.
With how dysfunctional healthcare is, you'd think if real competition were possible we'd already be seeing disruption in this space. That's not happening! The most obvious culprit is the private payer, so that's a natural place to look.
- maxerickson 4y agoA lot of the problems come from Medicare acting like a central planner that doesn't regulate prices for people outside of their system. Like my local hospital is blessed, it runs an ER in an area with few hospitals, so Medicare pays it at a higher rate for all care. But Medicare also won't make an agreement to pay for care if someone tries to open up a competing hospital (and investors know this, so they won't bother trying to compete), and they don't tell the hospital that they have blessed that it's not okay to charge ridiculous prices to other customers.