this post was submitted on 19 Feb 2024
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Natural monopolies aren't intrinsically changed by demand.....
It's not the insurance company that is doing the processing. It's the hospitals, they have to hire more and more billing agents just to extract the money that the insurance has already agreed to pay.
Lol, no. By "special deals" you mean 20% less than the Medicare allowable, and if you don't agree then you are no longer in network.
No, they inflate the prices so that when insurance companies ask for less money it doesn't bankrupt the hospital.
You have no idea what you are talking about about...... I'm a provider at a hospital, specializing in orthopedics and rehabilitation. I've never spoken to an insurance agent about pricing. That's not how it works.
Those are pharmaceutical companies, not medical suppliers, they are billed under completely different systems.....
Also, the reason insulin pricing is so high is because Medicare isn't allowed to barter for pricing, largely in part because it would be unfair to private insurance companies who have smaller subscriber groups.
Oh yeah, I forgot how every medical system on the planet was completely fraudulent...... Oh wait, nope, mainly just America.
The biggest way to improve pricing is by group bartering, which is how every other 1rst world nation pays less for medical equipment, treatment and prescription cost than the US.
Again, nothing you said was accurate, and anyone who takes it as so is now dumber than when they began reading. Please stop spreading misinformation about fields of study you do not specialize in.