These people are crazy, eliminate health insurance as we know it and go back to fee for service. Major medical plans only for the occassional heart attack,stroke...
Prices will crash by 90% overnight.
My bill for blood clot test,diagnosis,treatment with insurance was $15k, without regular insurance i paid $2500 two months ago.
Big Pharma finds new drugs but not to help people. They often just tinker with the basic drug then patent the “new” drug so that they are protected and can have an exclusive for 7 to 11 years. Then they send it off to China to be produced at 5 cents on the dollar so they can continue to make exorbitant profits off the American consumer . The entire medical industrial complex is greedy and corrupt.
When I see a medical bill paid by my medical insurance, it lists what the doctor, hospital or procedure charge, what the insurance company pays and what I pay. The insurance company generally pays far less than what the doctor, hospital or procedure charge. SO - can we deduce that insurance companies serve to hold down the cost of medical services? Does government insurance (medicare/medicaid) do the same? Thoughts?