Back 30+ years ago, we had something called “Major Medical” insurance. Major Medical covered you for the expensive hospital stuff and when it came to doctors and prescriptions, you paid out of pocket. Because insurance companies didn’t pay the doctors directly and they didn’t cover prescriptions, the costs were low and most people could afford to pay them. Along came insurance companies with who said let me pay the doctors and buy your prescriptions. They didn’t tell you that managing this would be a massive cost. And the doctors and pharmaceutical companies didn’t help. They could charge more because the insurance companies paid.
The vicious advanced 30 years and now costs are astronomical because of this self-feeding greed.
Hey it was just the same people that introduced guaranteed college loans so that everyone could get an education. Cost went up and quality went down. Who could have foreseen that?
>The vicious advanced 30 years and now costs are astronomical because of this self-feeding greed.
Ummm, this didn’t happen w/out the help of one party: GOVT.
MediXYZ & more ‘tax tweaks’...all to ‘help’ the Citizen.
Same w/ ‘employer provided h-insurance’ (now mandated).
Need to get the govt OUT 1st (no mandates, no ‘must-cover’, no coercion, no bail-outs, no welfare, etc.). Let the Free Market return.