Posted on 12/26/2024 10:03:17 AM PST by E. Pluribus Unum
The problem is insurance was never intended to cover everything. Just the major expenses. Today it covers not only needs but wants as well.
It was never intended to cover band-aids, it was intended to cover catastrophes, but now everybody wants it to cover the band-aids too.
He’s so brilliant at expressing concepts.
It depends. Right now, I pay “cash” for about half my medications, as the cash or Good Rx price is far less than the health insurance co-pay. I have a history of trying to fight (i.e. appeal) my health insurance company over this crazy pricing of medications that are readily available. I have one situation where I was on a patented medication, its patent expired and the insurance company forced me onto a generic. I could accept that, but then the big pharmaceutical company changed the medication slightly and patented it again, and my health insurance company refused to pay for the generic, and only covered the new patent at a huge copay.
A pharmacist explained to me off the record that the medical insurance companies get huge kickbacks that combined with the high copays make medications a big profit center. He even told me that he was legally not allowed to tell a customer that they could buy a medication for cash at far less than the health insurance copay.
1. Government price fixing. (Medicare and Medicaid)
2. Trial lawyers. The scum of the earth!
3. MBAs who made the medical system a cash cow.
I have 40 years in the trenches to back up my assertions.
Commies are what make healthcare so expensive. They refuse to separate the hard cases from the general public and insurance from family care. They outlaw family care practices that would cut the cost of doctor visits and prescriptions the better to destroy a functioning system and have controls over the rubble.
Bookmark.
Actually you can argue if you pay cash. If a procedure cost $1000 dollars, insurance says it’ll pay $400 and the medical firm accepts it, that means they overcharged $600 to get the $400.
You argue with the medical firm and don’t pay the $1000 fee, youu argue what do you accept when insurance pays and you pay that.
The insurance scam runs both ways.
Useful information. Thanks.
Not true. Consumers looking to get over and get FREE HEALTH CARE is what makes health care prices so high.
Health care was reasonably priced before the post-WWII wage and price freezes enacted (by demoncrats) to control inflation. That's what inspired some employers to offer a compensation package that included "benefits" because "benefits" skirted the federally-mandated pay cap.
So now most employed folks don't pay the full fare for their health care and neither do they pay for their health insurance (at least they don't think they do). Which leaves them two layers removed from the actual cost of that MRI their doctor prescribed to diagnose a head cold.
But the other factor is the litigious nation we've become. Physicians and hospitals pay out the wazoo for liability insurance because insurers settle even quasi-legitimate claims out of court in the twinkling of an eye to avoid protracted litigation and wackadoodle jury verdicts.
And the way to fix that (and a great many other economic woes) is: Tort Reform. Loser pays. That will bring the epidemic of capricious personal injury suits to a screeching halt.
unsustainable “wackadoodle jury verdicts”
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