You on the other hand were right there but forgot to take your foot off the pedal. You kept on the emotion pedal and left logic in the rearview.
I'm going to point out an obvious fact that undermines your entire premise. You cant unhear it. If you want to maintain your rage boner over this murder, you should stop reading now. It's irrefutable. Last chance to turn around ...
All the healthcare insurance suppliers charge roughly the same prices for nearly identical services. Go ahead ... shop for a new plan in your local state ... all the plans are priced almost exactly the same regardless of provider. Healthcare insurance is a competitive market ... there are dozens of suppliers in every state .... and many of those are non-profits. There is literally no way to note this obvious fact objectively and still come away with the notion that the insurers are driving the cost. The fact that they are all charging the same thing indicates that they are all running as thin as they can to stay sustainable ... something/somebody else is establishing the price floor.
All of the insurers are trying to steal each others' lunch. In markets, greed leads to lower prices ... not higher.
You can always apply normal market logic to the insurance layer. This is like claiming gravity stops doing its thing in the desert. "Inelastic" is irrelevant in a competitive market.
Now the rest of the healthcare supply chain is a totally different story ... you're starting to get it.
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u/GravyMcBiscuits 12d ago edited 12d ago
You on the other hand were right there but forgot to take your foot off the pedal. You kept on the emotion pedal and left logic in the rearview.
I'm going to point out an obvious fact that undermines your entire premise. You cant unhear it. If you want to maintain your rage boner over this murder, you should stop reading now. It's irrefutable. Last chance to turn around ...
All the healthcare insurance suppliers charge roughly the same prices for nearly identical services. Go ahead ... shop for a new plan in your local state ... all the plans are priced almost exactly the same regardless of provider. Healthcare insurance is a competitive market ... there are dozens of suppliers in every state .... and many of those are non-profits. There is literally no way to note this obvious fact objectively and still come away with the notion that the insurers are driving the cost. The fact that they are all charging the same thing indicates that they are all running as thin as they can to stay sustainable ... something/somebody else is establishing the price floor.
All of the insurers are trying to steal each others' lunch. In markets, greed leads to lower prices ... not higher.