Re:Warren Buffett says health care costs are a bigger proble...
by prostoalex on Tuesday May 09, 2017 @12:27PM
(#14301385)
Insurance companies have a statute limit on profit margins and are required to refund excessive premiums. And prescription drugs constitute only 10% of medical bills http://www.chcf.org/~/media/MEDIA%20LIBRARY%20Files/PDF/PDF%...
In other words, even if all Rx drugs were made free, current total healthcare cost growth rates would eradicate those savings in less than 2 years.
The problem outta not on the supply side, but at the parasitic insurer and drug supply side.