The "normal" market forces here are with almost fully inelastic demand. The system is working exactly as those in charge intend: to maximize profits at the expense of our health.
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Speaking from the pharmacy perspective.
Banks wove their way into drug transactions as a middleman called Pharmacy benefits managers. They stand between insurance and pharmacies to prevent collision, but instead, what we see is insurance companies pay a lot for drugs, while pharmacies see very little for that drug. Over 50% is being taken by the PBM because they're "preventing" collision. Don't even get me started on the vertically integrated pharmacies like CVS and United who abuse their position to force consumers to use their pharmacies instead of competitors or use "technological advancements" to keep their prices lower than their competitors.
NYC is currently trying to pass legislation to fix this, but that's only at the state level.
Wall Street needs to get the fuck out of healthcare and healthcare needs to stay the fuck out of Wall Street. Once a healthcare org talks about share holders, we're no longer talking about patients.
Cost for hospital and doctor visits in the last year: $10,000. After negotiations.
Cost if I lived in Canada: $0.
Not a single thing I had done was a rare procedure. I had to have a lot of different procedures, but all of them were common procedures because all but one was diagnostic.
the fact that is "health-care market" is so fucked
Yeah just what I need to do when I'm dying.. Let's use the hospital price compare tool
At least it exists. Not a big win for sure, but a step in the right direction nonetheless.
I feel like I'd rather have that problem than having to drive an hour away to get to a hospital that's going to treat me correctly in the first place.
My local hospital life-flights people because they can't even set broken bones.
How are you going to price compare in an emergency situation, especially if you're life friends on it?
'pro-life' policy at work.
We need a presidential candidate that actually supports Medicare For All and puts and end to this insane for profit death racket
My wife is in labor at the most expensive hospital in the area of this story, thankfully I have good insurance and have already maxed my out of pocket.
There's a reason why no other country in the world imitates the US healthcare insurance system.
Yet.
Corporations in the UK and Canada are actively spreading propaganda and lobbying to underfund public health.
Sure, but I don't think a lot of voters in those countries are particularly impressed by how the US healthcare system works. It's notorious.
The majority of voters in the US agree