12-04-2015, 07:58 PM
(12-04-2015, 06:36 PM)GMDino Wrote: I totally agree insurance is a huge scam, but wouldn't your idea drive down doctor pay so much few would enter the field?
Why do you think this? You do realize average margins for health insurance companies is only in the neighborhood of 5%? Healthcare care costs are not being driven by insurance, which is why the alleged savings of Obamacare was always a fraudulent case.
Pricing for drugs, doctors and hospitalization is all whacked out. Insurance companies only pay like 10-20% of that price, which is why we need insurance. That's really the point StLucie is making because it doesn't operate like a free market.
Supposedly cash payers can negotiate pricing, but I don't know how anyone does that after the fact coming in to the emergency room for chest pains or a broken leg. Unless you're worth $10M+, it only takes one fairly serious incident (or medication) in your lifetime to wipe out whatever you saved being uninsured.
