Re:Why the US is one of only a few countries with no paid ti...
by shadowgovt on Saturday August 26, 2023 @02:10PM
(#37275313)
That plus the private spending. So you'll be looking at a number closer to like 90, 95% of the entire market. Because in terms of how many employees companies can afford to hire, it also matters when employees are getting sick all the time because they don't have a basic standard of health care due to either the company not offering insurance or the employee being unwilling to pay the premiums; people who pay their own way for medical costs tend to defer spending on preventative therapy and wind up costing a lot more because they end up in the emergency intervention train.
Re:Why the US is one of only a few countries with no paid ti...
by adolph on Saturday August 26, 2023 @03:04PM
(#37275869)
Wait, the private spending number is stuff people pay out of pocket for, like OTC, deductible, co-ins, and copay, right? Those are the mechanisms intended to balance availability with discretion to not over-consume.
For additional clarity, I probably need to find the data source for what CMS describes on that link.
The private business share of health spending accounted for 17 percent of total health care spending,