3 ms·
Is your claim that the rosy picture of low transaction costs and price controls is only achievable when government payouts control 17% more of healthcare spendi
by adolph 3y ago
Is your claim that the rosy picture of low transaction costs and price controls is only achievable when government payouts control 17% more of healthcare spending? The 49% already performed by federal and state govt isn’t enough? From the above link:
The private business share of health spending accounted for 17 percent of total health care spending,
- shadowgovt 3y agoThat plus the private spending. So you'll be looking at a number closer to like 90, 95% of the entire market. Because in terms of how many employees companies can afford to hire, it also matters when employees are getting sick all the time because they don't have a basic standard of health care due to either the company not offering insurance or the employee being unwilling to pay the premiums; people who pay their own way for medical costs tend to defer spending on preventative therapy and wind up costing a lot more because they end up in the emergency intervention train.
- adolph 3y agoWait, the private spending number is stuff people pay out of pocket for, like OTC, deductible, co-ins, and copay, right? Those are the mechanisms intended to balance availability with discretion to not over-consume. For additional clarity, I probably need to find the data source for what CMS describes on that link.