Costs will go up as fast as they possibly can, until the industry collapses.
The basic problem is there is no price control, there was not before, and now there is even less.
The key to our survival will be reviving the out of pocket system to replace the collapsing 3rd party payer system while milking as much of the money taken from us(by Washington) as possible thou scam, decent, and runaround to help offset said losses.
The basic problem is there is no price control, there was not before, and now there is even less.
I agree. First and foremost it ceased being true insurance decades ago. What 'they' call insurance is actually a price fixed health maintenance plan that pools the monies of unknown and unanticipated catastrophic and emergency care with anticipated and known expenses.
The insurance companies with the assistance of big government have become a price fixing monopoly middleman not subject to free market forces that profit regardless cost.
Much like the secondary education system, the health system is a bloated pig subsidized and protected by big government.
The bubble will burst eventually...