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yes. It's completely insane that health insurance A) does all price discovery B) is tied to your employer. Ask an American hospital how much something costs -
by mhh__ 14d ago
yes. It's completely insane that health insurance A) does all price discovery B) is tied to your employer.
Ask an American hospital how much something costs - you will get a completely fake price back, this is a sign of a totally broken market.
- riddley 14d agoA and B are due to regulations?
- vjvjvjvjghv 14d agoI am good with getting rid of B). A) can probably only be fixed with regulation. Why would hospitals and insurance otherwise make prices transparent? The current state serves them really well.
- mhh__ 14d agoBecause in a fair market they would be competed away - prices of food, computers, bonds, etc are not transparent because of regulation - it's largely because of the tax incentive as far as I've read from healthcare economists.
- nielsbot 13d agohealthcare isn’t really a market economy and neither should it be. we should make it a public a service without a profit motive
- drknownuffin 14d agoThe 'fake' price is due to the negotiation of reimbursement between major healthcare chains and insurers. The most regulated piece - Medicare - is the only piece where there's fairly transparent pricing.
- mhh__ 14d ago> reimbursement between major healthcare chains and insurers And why is this so prevalent? It's subject to huge subsidy and regulatory capture
- BugsJustFindMe 14d ago> And why is this so prevalent? Because the law doesn't force them not to? It's very wild to me that you're like "This organization is lying to me, so what we need less of is people telling them what to do."
- BugsJustFindMe 14d ago> Ask an American hospital how much something costs - you will get a completely fake price back You think the government tells hospitals to lie to you? The hospitals lie because the government doesn't force them not to. Laissez-faire capitalism causes that. Regulation is needed to fix it.
- mhh__ 14d agohttps://en.wikipedia.org/wiki/Airline_Deregulation_Act https://en.wikipedia.org/wiki/Airline_Deregulation_Act
- BugsJustFindMe 14d agoI need you to help me connect the dots, because a bare URL is not the same thing as communication. What does the airline deregulation act have to do with hospitals giving you fake prices because nobody forces them not to? What do you think would force hospitals to give you real prices if not the law?
- AngryData 14d agoHow is less regulation suppose to fix any of that?