John Oliver Forgives $15 Million in Medical Debt

[Benton]

(06-07-2016, 05:52 PM)StLucieBengal Wrote: The only way to get proper pricing is to take away all medial insurance and force everyone to pay out of pocket.   Costs would plummet 

You sell toasters. You sell them for what the market pays. If someone has a toaster replacement program for whenever theirs goes out, you don't change your price. Why would you? That wouldn't make any sense. You're not in the warranty business, you're in the toaster selling business.

Now replace "toaster" with  "medical services" and "replacement program" with "insurance". The main difference being you can live without toast (it's hard, but you can). You can't live without your liver (I know, I've tried).


Costs won't change. If someone with a spreadsheet knows he can get X for your cancer treatment, he's going to charge you X+Y to improve the profit margin. Want to change that? Take out the spreadsheet guy, the for-profit healthcare.