The solution is #PriceTransparency, requiring providers to post their prices online as a condition of accepting #Medicaid/#Medicare.
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#PriceTransparency will foster competition & help to fix the broken pricing mechanism, which has been abstracted away from consumers.
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Tax laws also reward hospitals for inflating their prices to insured, paying customers:https://krisheldmd.wordpress.com/2017/04/29/make-insurance-honest-again/ …
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Under our tax laws, insurers have incentives to keep prices high:https://www.forbes.com/sites/davechase/2016/09/05/have-ppo-networks-perpetrated-the-greatest-heist-in-american-history/#6d5d5fbc3330 …
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Lets start with a published searchable net price list of the low&high price paid by all insurance customers, embarrass them
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This is it. "Insurance" system created 70 yr ago through IRS benefits for employers made prices rise. Keep basic costs w consumer & it falls
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Precisely, Sharyl. COST of CARE is the problem nobody seems to want to address.
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College tuitions and inflated Univ. "overheads" a whole other story for Full Measure! "Wealth Transfer" from middle class to.......?
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Answer is to return to "fee for service" but the left won't stop until "single payer" & if you think it's expensive now, wait until free.
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Costs seem excessive to those who pay because many never pay. Gov't interference also inflates all expenses. Don't forget the lawers.
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Unfortunately Sharyl, the current education system has indoctrinated socialism & global warming into the millennials, truth doesn't matter
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Need to understand how we got into this mess first. When Wall Street met medical industry in early 1980's.
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Get the gov out of health care totally.
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Well said - we just need to look at procedures that have gone down in price - cosmetic or lasik surgery. Both have no insurance pressures.
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I wonder how many actually review the insurance EOB's (explanation of benefits) and realize what they are charged for services/"benefits"?
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If you ever need something to investigate; the cost of higher ed, reports Ivy colleges w/big endowments get tax payer funding, scam of SATs!
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