Skip to comments.American Council on Science and Health
Posted on 10/11/2019 7:20:37 AM PDT by grumpygresh
Administrative complexity and failures of pricing, anywhere from 54% to 66%
And while physicians are the most easily squeezed, the waste that they are responsible for is not nearly as high as the waste from market failures, both pharmaceutical and administratively.
(Excerpt) Read more at acsh.org ...
And BTW, the bureaucrats will decide what you should like and what's good for you.
Is this what people want? I have been quite dismayed at the number of conservatives that aren't outraged by this garbage. Healthcare will never have value when it's "free"
the “middlemen” insurance companies are the problem. They are raping the system to death.
Despite paying $17k annually out of pocket for insurance with deductibles averaging $9k, were still denied access to timely care. The ACA is a disaster.
Democrats are evil control freaks
Its the govt regulations and controls preventing a competitive market.
Government creates the rules and regulations that the insurance companies must follow. But the “insurance” companies are really only healthcare managers for government for the most part.
If people paid for most of their healthcare costs, prices would go down, there would be more competition and quality would rise.
I have said for years that “insurance” was never the cost problem. In the 80s & 90s I worked for a non-profit pension and insurance outfit, when everyone was screaming at the big increases in health insurance.
Our health insurance plan was a well administered self-insured plan. Like any health insurance plan we set premiums every year based on what we thought our claims costs would be, our costs to a third-party administrator of claims submissions and disbursements, a reserve for softening a premium increase, a stop loss re-insurance policy for catastrophic claims in a single year, and the cost of administration. These were all just basic insurance costs, there was no “profits”. Our premium increases in those years were in line with the national averages (and we had insured persons nationwide).
If our premiums went up, just as when the for-profit insurance sector’s premiums went up, it was never due to increasing insurance “profits”; it was always increasing costs of claims due to increased cost demands from the health care industrial complex.
Meanwhile, driven mostly by the Dims, everyone’s attention was diverted to blaming “the high cost of insurance”, and controlling or subsidizing “insurance”, instead of the true problem - the health care industrial complex. The net result was government programs “insuring” the health care industrial complex got its demands met, without having to cut its costs.
What is needed is to get the consumer in the driver seat on most incidental medical costs, through sizeable health savings accounts and just plain “out of pocket” expemses, and “insurance” limited to just the most catastrophic needs.
In this life you need to take care of your own health and not rely on doctors or the medical establishment
It doesn’t help that hospitals target people with insurance and overcharge them for other people’s unpaid bills. My insurance premiums already pay for everyome elses bills.
We pay tens of thousands of dollars and don’t ever even see a doctor, much less use services for procedures.
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