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Thanks for the link, very interesting. But I fail to see how will this help us reduce the healthcare costs by several factors? (where they should be) "Slowing

Thanks for the link, very interesting. But I fail to see how will this help us reduce the healthcare costs by several factors? (where they should be) "Slowing cost increases" is fantastic but it's too late: the costs are already at 500% of normal and I just don't see how will this be fixed. An example: a 3-hour stay at the hospital (wrist surgery) was billed to me at $44K which is what insurance company actually paid. It included a few hundred dollars for a can of apple juice.

akgerber 13y ago
I am willing to bet your health insurance did not actually pay $44K, but rather the rate they had previously negotiated with an in-network providers for the services rendered. The high cost of healthcare stems from many systemic factors, all of which are pretty thoroughly screwed up. Tearing the system down and replacing it with something entirely new (perhaps a single-payer system, or a system with single-payer basic insurance) would be a great idea, but reorganizing an industry representing 17.9% of GDP[0] of one of the world's largest economies is a nontrivial undertaking, especially with one of the two major political parties dedicated to preserving the status quo by any means available. [0]https://en.wikipedia.org/wiki/Health_care_in_the_United_States https://en.wikipedia.org/wiki/Health_care_in_the_United_Stat...