The US healthcare system has more bureaucracy and is more expensive, with no overall health benefits and with worse access, than other developed countries.
"the United States spends over $1,000 per person on administrative costs — almost five times more than the average of other wealthy countries and more than it spends on long-term healthcare" - https://www.pgpf.org/article/how-does-the-us-healthcare-syst...
Right, and where does the money from the bureaucracy go? Administrative costs? Great, you can profit off that too! The more money one can bring in from premiums, and the less they pay out, the more profit.
Once they have the money in premiums, it's really hard for the company to let go of them.
Not this again...Limiting it to a % of something will just make the current system increase costs to the point where 10% becomes enough to continue paying fat checks to all these leeches.
Hey. Didn't realize that it was like that child toy that looked like a clear double-lined liquid-gel-filled with sparklers where you squeeze one end and it escapes out bigger at the other end.
Ummm, now that I had time to visualize at macroeconomic level, simple cap at each middleman's transactional behooves the supply chain to conspire on price-fixing just to feed and assist all the middlemen down the line to the patient, as you've asserted.
To introduce inter-middleman fighting ensues between favorable price and lower price...
Fixing at 1% total for each step along the way doesn't work because one can just add even more middlemen.
Fixed 2% price, over entire chain: A competing supplier can easily undercut that downstream conspiratorial bloat.
The US healthcare system has more bureaucracy and is more expensive, with no overall health benefits and with worse access, than other developed countries.
The US pays more per capita for medical care than any other developed country (something like $12,000/person vs. Norway which is next at $8,500/person, https://worldpopulationreview.com/country-rankings/health-ca...), but overall health outcomes are not better, and "on the whole it has less access to many health care resources". https://publichealth.jhu.edu/2019/us-health-care-spending-hi...
"the United States spends over $1,000 per person on administrative costs — almost five times more than the average of other wealthy countries and more than it spends on long-term healthcare" - https://www.pgpf.org/article/how-does-the-us-healthcare-syst...