3 ms·
The cost-shifting argument is curious. The simplified version of it runs: - medicare (etc) say: 'this is what we reimburse for this procedure', non-negotiable
by frig 17y ago
The cost-shifting argument is curious.
The simplified version of it runs:
- medicare (etc) say: 'this is what we reimburse for this procedure', non-negotiable
- providers that take medicare charge the private sector more than the price medicare dictates
...then the argument runs that medicare is forcing private health-care purchasers to make up the shortage / subsidize its low premiums.
The curious part:
- if the private-sector purchasers (whether individuals or insurers) aren't getting their money's worth why are they buying?
- byrneseyeview 17y agoif the private-sector purchasers (whether individuals or insurers) aren't getting their money's worth why are they buying? There may be a massive consumer surplus being eaten up by this price-fixing. In Europe, that consumer surplus comes in the form of low costs. In the US, it would come in the form of high profits for a little while, then higher competition.