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It is the cost of medical care that determines the cost of medical insurance.
If you want to lower the cost of medical insurance, then you must first lower the cost of medical care.
Lowering the cost of medical insurance does not lower the cost of medical care, but implementing Free Market principles would lower the cost of medical care by 30%-60% and in turn lower the cost of medical insurance by 30%-60%.
All you have to do is get the States to repeal the laws that allow hospital to operate as monopolistic cartels that illegally collude to illegally price-gouge you.
Once you take away the monopoly power of hospitals and coerce them into price transparency, they will no longer be able to price-gouge you.
This is how price-gouging works:
Wills v Foster 229 Ill. 2d 393 (2008)
The plaintiff owed $80,163 in medical bills but the hospital accepted an insurance company negotiated settlement of $19,005 in full satisfaction.
Let's be clear on the concept here.
The hospital billed $80,163, not the insurance company.
The insurance company is the hero here, because they did a tremendous favor to everyone by negotiating a settlement of $19,005.
Why in the hell would you ever allow a system like that to perpetuate?
The hospital settled and still got a profit margin of 100% - 400%.
If there's a hurricane, are people allowed to charge $500 for a gallon of water?
No, because that's price-gouging and price-gouging is illegal.
Your States allow legal price-gouging by hospitals.
They charge you $500 for a little paper cup with a swallow of water to drink with the pills they give you and don't even blink.
free market in medical biz is just about the same as a free market selling water to the people dying of thirst. Anytime your life is on the line free market will turn you upside down and shake for everything you have and more.
As long as people keep showing up with every little scratch and bruise and life struggle--and as long as providers keep gussying up the surroundings--it's going to drive up costs.
You can help them plateau, then fall, by not buying all of it. And by not buying the policies that support it.
free market in medical biz is just about the same as a free market selling water to the people dying of thirst. Anytime your life is on the line free market will turn you upside down and shake for everything you have and more.
Like when walmart and other orgs sent water to new orleans in the aftermath of katrina, and did so ahead of and in spite of the DHS?
So it will be when the state completes its takeover of health care re: shortages, rationing, poor quality of service, cronyism, etc.
How long have you lived in the states? Examples of this are all around.
This nation is a flat-out joke. We may have the biggest military, but clearly we do not know how to operate as a civilized society.
How is it that so many other nations of lesser means across the globe manage to have cheaper healthcare costs, better coverage, AND statistically better health outcomes??
Others have figured this out, and we are unique in our inability to do so, especially given our cumulative wealth. Clearly, we're the stupid ones. And that's not an exclusively Democrat or Republican thing.
They don't have better coverage. And they don't have open borders.
...How is it that so many other nations of lesser means across the globe manage to have cheaper healthcare costs, better coverage, AND statistically better health outcomes??….
Glad i don't have HC or HOI or flood Ins. Saved me well over a million smackers the last 35+ years.
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