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Health insurance in the US is specifically mostly not a market, because your employer picks your health insurance for you.
by bobthepanda 1y ago
Health insurance in the US is specifically mostly not a market, because your employer picks your health insurance for you.
- TuringNYC 1y agoAlso, markets are supposed to have associated prices. In US healthcare you learn the price later, sometimes weeks or months later, in the form of balance billing. For those not in the US -- you pay six ways: 1 - Premium 2 - Co-Pay 3 - Deductible 4 - Co-Insurance 5 - Balance Billing -- you dont learn the full cost until weeks/months later 6 - Non-covered items -- you dont learn the full cost until weeks/months later