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Insurance companies negotiate discounts so they make massive profits. Hospitals negotiate discounts so they can make massive profits. The govt makes it illega
by stormqloud 12y ago
Insurance companies negotiate discounts so they make massive profits.
Hospitals negotiate discounts so they can make massive profits.
The govt makes it illegal for medicare/caid to negotiate prices or buy in bulk.
This is a massive transfer of wealth from the public to these companies.
The average citizen cannot negotiate and pays full price.
The people least able to afford the "retail" price pay the most.
Meanwhile the insurance companies/hospitals are making money hand over fist to pay out to their CEO's.
It's simply a scam of legislation that is unlikely to end because the people that benefit the most also have access to the most profit and can therefore affords the most lobbying.
A bunch of lawyers, CEO's and politicians arn;t going to change the system for a bunch of poor folk.
How do you expect them to send their kids to Harvard or pay for the shell companies needed to hide income?