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Cost of Medicine vs. Insurance

3 points| balaselvam | 3 years ago |twitter.com

3 comments

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[+] balaselvam|3 years ago|reply
Is this really true? Is an overwhelming cost of medicine insurance?
[+] ggm|3 years ago|reply
The off book price of services with and without insurance can sometimes reveal a giant cost/price disfunction. Insurance being willing to book price things at $1000 and then behind the door negotiate the $25 the actual cost reflected, drives more people to take insurance. So, medical processes which expose "you will pay x" designed to give truth to costs, are now a vehicle for "if you don't have insurance you will pay x, if you do, its cheaper" which is... advertising.