Re:U.S. opens UnitedHealth antitrust probe
by AnthonyMouse on Wednesday February 28, 2024 @05:27AM
(#39536202)
> We had this nonsensical system where we socially subsidize the most expensive (Medicare) and privatize lower risk. It literally makes no sense.
If older poor people had to pay the true market price for health insurance that takes age into account they couldn't afford it.
If insurers weren't allowed to take age into account then younger people wouldn't buy health insurance for that price.
> Alternatively is we simply pooled assets and introduced competition into care delivery, health maintenance, and care quality I expect that the system would be more efficient and effective.
What incentive is there for the patient to choose lower prices if the insurance is paying for everything? What incentive does the insurer have to prevent claims fraud or keep administrative overhead in check if they can just pass on the cost in premiums and no one has any other option?
If older poor people had to pay the true market price for health insurance that takes age into account they couldn't afford it.
If insurers weren't allowed to take age into account then younger people wouldn't buy health insurance for that price.
> Alternatively is we simply pooled assets and introduced competition into care delivery, health maintenance, and care quality I expect that the system would be more efficient and effective.
What incentive is there for the patient to choose lower prices if the insurance is paying for everything? What incentive does the insurer have to prevent claims fraud or keep administrative overhead in check if they can just pass on the cost in premiums and no one has any other option?