Re:After private equity takes over hospitals, they are less ...
by rqtwteye on Thursday August 08, 2024 @01:58PM
(#41194391)
"Is healthcare an actual market in the real sense, or are we just pretending it is?"
Who actually is pretending this is a real market? In a functioning market all participants have access to the relevant information, there is choice and competition.
* With employer based insurance you basically have no or minimal choice.
* Getting information from providers and hospitals to make a decision is extremely hard to impossible
* Pharmacies have contracts that forbid them to inform patients about alternatives
* Insurances' websites often list doctors that not in network anymore
The system in the US is very far away from anything resembling a market.
Who actually is pretending this is a real market? In a functioning market all participants have access to the relevant information, there is choice and competition.
* With employer based insurance you basically have no or minimal choice.
* Getting information from providers and hospitals to make a decision is extremely hard to impossible
* Pharmacies have contracts that forbid them to inform patients about alternatives
* Insurances' websites often list doctors that not in network anymore
The system in the US is very far away from anything resembling a market.