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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 rustybelt on Thursday May 06, 2021 @04:37PM (#27068770)
My reaction exactly. This article basically says we can achieve much of the savings of Medicare for all if insurance companies and providers put aside self-interest to voluntarily and in a coordinated manner adopt the aspects of Medicare for all that reduce costs! And if apes had tails they'd be monkeys!
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Re:Researchers chart path to drastically lower administrativ... by nunie123 on Thursday May 06, 2021 @09:40PM (#27070986)
I just started at a health insurance startup that is doing exactly what the article recommends: simplifying billing. Patients pay for procedures "in cash", using a card debiting the insurance company's account. Because doctors charge less for people paying in cash, the insurance is cheaper than traditional insurance.

We're already operating in a few markets. It'll be interesting to see how the traditional insurance companies react once we start significantly encroaching on their market share.

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