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> This does not change the point that the insurance company, physician, and medical device company are all complicit in a scam that jacks up the cost of healthc
by kcplate 2y ago
> This does not change the point that the insurance company, physician, and medical device company are all complicit in a scam that jacks up the cost of healthcare for everyone.
You should probably describe how that works exactly…cause I don’t see collusion here.
- Insurance companies negotiate almost all of their costs upfront…they don’t want to pay more. It’s not in their best interest, there job is to not spend more than $.01 more than they have to on anything they do So if they are actually paying $300 for a $50 item, it’s because it’s probably costs an additional $250.01 for them to somehow fulfill that $50 item to you through another provider.
- The doctor generally (beyond occasional pharma dinners) has no kickback for prescribing any device or drug from the sale of that product.
- The pharma company or device manufacturer certainly wants to maximize their revenue, but will they try and soak the folks prescribing and paying? Probably not for long.