3 ms·
when the gov foots the bill, there's no reason to have competition.
by almosthere 10mo ago
when the gov foots the bill, there's no reason to have competition.
- ChicagoDave 10mo agoBefore 1985, there was no for-profit healthcare. Worked pretty good.
- JumpCrisscross 10mo ago> Before 1985, there was no for-profit healthcare Wait, what changed in 1985?
- ChicagoDave 10mo agoHMO laws allowed for-profit healthcare insurance. Groups of doctors banded together and carved out exclusive contracts to sets of hospitals and providers. Before this I recall seeing $7 taken out of my paycheck and there were no deductibles or copays. Meds were $5.
- tirant 10mo agoBefore 1985 healthcare costs were very low, and population was way younger.
- marcus_holmes 10mo agoThe govt also acts as a monopsony and forces lower prices. Same effect [0] different mechanism. [0] actually a better effect - the govt actually does force lower prices, whereas competition is subject to all sorts of other effects where it doesn't actually function to lower prices.