Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ
Discord ID: 691737185207976129
Not to mention practically no hospitals release their prices
Rare cases have the same prices as normal cases, as normal cases are the vast majority.
> Not to mention practically no hospitals release their prices
Not *now*, because the current system (due to regulations) disincentives it.
My argument about a free market system is less about competition, but more of the costly burdens raising prices.
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ Actually I mispoke, I think it was a law or executive order by Trump but now hospitals are required to post their prices. Because they wouldn’t tell anyone their sky high prices until they got the check. Notice that only through intervention, your idea of a free market could work
I'm not for that regulation, naturally prices would be transparent if we did not have the insurance based system we did now. Insurance is only for tragic and unforeseen events - other than that it's out of pocket payments.
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ If you go to a hospital in an emergency and you have no clue what you’ll be charged, how do you know it’ll be the same price
Depends, what do you go for?
A broken bone?
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ Do you actually think they would voluntarily release prices when they could keep them secret and extremely high
The only reason why prices are bundled is because of a complex insurance system created by intervention; but like I said it's less about competition but more about regulatory burdens.
The thing is, considering the nature of emergencies and healthcare in generally none of the principles of the free market can apply
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ So even though regulation is the only reason Hospitals must release prices. We should tear down regulation, and then we’ll have a free market
If we get rid of regulation that will only lead to increaed prices
No, I'm not for such regulation. My point is in a private system the complex insurance based system incentivising bundling will be removed, allowing for greater transparency.
> If we get rid of regulation that will only lead to increaed prices
No, for example regulations restricting the supply of labor of doctors is one of the main reason why prices are very high.
But saying again " like I said it's less about competition but more about reducing the regulatory burdens."
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ But it was only through the current system and with increased regulation could we get marginal transparency
We don't have it *yet*, although it's much more nuanced than that. The one Trump is preoposing hasn't been implemented *and* it could be negative in terms of effects.
However if it isn't negative it'll yield the same effects, almost, as my free market system in this regard.
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ I’m not against opening up restrictions on the supply of doctors but some regulation like the one I mentioned about price transparanct is essential
Or we could just go to a private system where prices are more transparent, that solves it without any regulation(that could be harmful)
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ How can the free market work if no one knows the prices of operations
They do, that's the point. In a market system prices would be more transparent, due to the abolishment of the complex third party payer insurance system.
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ Insurance isn’t the problem for minimal price transparency, it’s hospitals
Actually it's related, it's called the "third party payer system"
I have to go so I'll give you a link if you want to read more about it.
And do you genuinely think that out of the goodness of their heart in a system with decreased regulation that hospitals would release prices
Ok, this was a really nice discussion
A bit of a read of part of my plan https://www.hoover.org/research/how-cure-health-care-0
@The Meme Lord
Despite making up 13% of the population...
Race issues?
Just quit being racist
smh
Facts
@Snubbi Let's talk here, the thing I'm for is a private healthcare system fully.
I think the US is well equipped to handle the Coronavirus though, infact it's the best prepared in the world.
ye but you should consider the problem
3000 $ for a corona test