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However insurance companies have absolutely no incentives for pressuring the providers to reduce prices, the opposite in fact because they get to keep a share o
by ffgjgf1 3y ago
However insurance companies have absolutely no incentives for pressuring the providers to reduce prices, the opposite in fact because they get to keep a share of the revenue..
- tptacek 3y agoMedicare also pays unacceptably high rates for services; the idea that Medicare would successfully and meaningfully reduce those rates is more aspirational than empirical. One of the most important bottlenecks in health care affordability (residency funding) is explicitly maintained by Medicare.
- ativzzz 3y agoThere are tons of middlemen / services directly in between the consumer and the medicine or doctor the consumer ultimately needs (including insurance). Almost all of those middlemen are trying to maximize their own profits. The industry is complex and our entire society and economic culture is to blame, you really can't single out a single entity
- junofan 3y agoYour employer provides the pressure by picking the cheapest insurer for their desired coverage level. Provider networks have local quasi-monopolies. Insurers are price takers.