Posted on 08/27/2014 8:25:28 PM PDT by Kartographer
One way to drive down costs would be to require the person seeking health care to carry medical malpractice insurance. In essence, similar to no-fault / no insurance auto policies. Policy would cover the first $100,000 of medical bills.
I certainly agree that a direct connection to the cost of medical care would bring that cost down. But BC/BS has for 75 years “fixed” the price of med care, through its UCR (usual, customary and reasonable) reimbursement system.
Doctors test the UCR by bumping their fees until BC pushes back with UCR. This is fundamentally price fixing and does nothing to restrain costs. BC/BS was created for the auto workers and now covers many other groups...
“Our motto would be ... ‘We Never Hurt the Kids’.”
Oh, a family-oriented business. That’s nice!
Isn't Karl Denninger also the guy who said that the Credit Default Swap fiasco would destroy or economy in 2009?
But on this one, he might be right....eventually.
Isn’t Karl Denninger also the guy who said that the Credit Default Swap fiasco would destroy or economy in 2009?
It did just that the full reaction has been delayed and...
2008-9 were just a delayed reaction to the effect of Sept 11 2001
you are just being fooled by the normalcy bias
Lurking’
Bonehead is an owned man ... someone holds his blackmail file in high esteem.
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