News for hackers. Stuff that matters.

A comment on Researchers chart path to drastically lower administrative costs of health care. Parent comment

Re:Researchers chart path to drastically lower administrativ... by JamesBarney on Thursday May 06, 2021 @02:06PM (#27067044)
Health insurance merges help drive down costs.

Provider merges drive up costs.

Health insurance is the buyer of medical care, so when they are monopsony (buyer side monopoly) they drive down costs.

[ Parent | on HN ]
Re:Researchers chart path to drastically lower administrativ... by andrewlgood on Thursday May 06, 2021 @02:55PM (#27067628)
They also reduce choice and supply. They get to decide who gets what treatments. The death panel analogies sound ominous, but at the end of the day they are accurate. Someone has to decide what will be covered. For most people, if it is not covered, it won't be done.
[ Parent | on HN ]