Toro
Diamond Member
The argument was to get rid of the insurance, make consumers of health care pay out of pocket and the price will drop accordingly.
Not going to happen.
Probably not. But it would reduce prices.
Doubtful.
The MRI in your local hospital is probably made by either Seimens or GE. Next get MRIs costs about 2M each. Maintenance contracts alone run into the six figures. This thing has got to work flawlessly. Unless your hospital was constructed in the 80’s and hasn’t upgraded from the single dimensional resolution (also doubtful), the campus your visiting is probably still paying tens of thousands a month in their lease agreement on the MRI. Covering that has to come from somewhere. The price won’t magically go down from Seimens because Aetna is no longer in the picture. Sorry.
The problem is that the market fails.
One study I read looked at MRI prices hospitals were billed in a specific area. The prices varied wildly from hospital to hospital for what is essentially the same service. When asked about the prices, the doctors had no idea the cost disparities, let alone the patients.
For a market to work, people have to know what they are paying for.