Re:Health insurers just published close to a trillion hospit...
by s1artibartfast on Tuesday September 06, 2022 @10:28PM
(#32745704)
Most countries don't have price controls, they have purchasing controls for their Healthcare systems. There is a huge difference.
For example, if someone makes a pill that cost $1 million to live one more day, they can sell it, but most national health services won't buy it.
In the US, the national health services and insurance companies are mandated to buy it, and a byzantine system of price controls ensure we only pay 900k.
For example, if someone makes a pill that cost $1 million to live one more day, they can sell it, but most national health services won't buy it.
In the US, the national health services and insurance companies are mandated to buy it, and a byzantine system of price controls ensure we only pay 900k.