I been saying this for a long time...
Any time you have someone else paying the bill for you, its gonna cost MORE!
Ditto. I have long felt we are over-insured. I’m not saying that is bad for those who are receiving that generous benefit. I’m saying, this makes the system unsustainable.
The less insurance, the more people control the costs of their procedures and medications. This contains costs. When insurance is paying, people don’t give a damn what the cost is.
We are over-insured, not under-insured. Catastrophic insurance is vitals so you are not bankrupted or have all of your equity depleted in one unfortunate stroke. But any system that claims to be able to provide you with anything for a measly $5 co-payment is doomed to fail.
We are over-insured, not under-insured.
The cost of medical increased when Medicare was passed. We had private insurance and $7.00 a day hospital rooms before that.