thegreekdog wrote:
(1) Insurance companies are businesses and want to make money, not keep people healthy.
(2) No electronic records (which means repeat tests and prescribing ineffective medications).
(3) Doctors and hospitals get paid for the specific and expensable services they provide. They earn more money for each test, office visit and treatment.
(4) Medical malpractice - 10% of healthcare costs cover doctor malpractice insurance. Further, doctors tend to go overboard with providing healthcare as they are afraid of malpractice suits.
(5) Doctors get paid for doing surgeries they don't need to do (I experienced this in real life).
(6) The emergency room is not always necessary, but people go there when they don't need to (and the ER costs more).
(7)The US has a lot of fat people.
(8) Health insurance is exempt from anti-trust laws.
(9) No shopping across state lines.
(10) We don't know what good prices are because we don't directly pay for stuff.
1- More market freedom increases this incentive does it not?
2- Unclear if this would be resolved by market mechanics, as the incentives are already distorted away from providing the best service, but focussed on providing the most service
3- As above
4- I wouldnt think this will change at all, what solution to this are you thinking the free market will supply here? (im not really used to the american way of sue sue sue!)
5- Again you need to refocus the incentives, im not sure a free market is going to do this without being whacked with the reg-stick
6- Im unsure of the specifics of the US system to fully explore this point
7- And a known weakness of the free-market is its poor handling of demerit goods
8- Fair call
9- Again fair call and stupid policy
10- Lolrisk; it sounds like you want to do away with the insurance mechanic?
I go to the gym to justify my mockery of fat people.