[quote=NeetaT]Healthcare is a service that is priced via supply and demand just like other goods and services.[/quote]
I don’t know whether this is true, but it should be. And we should take steps to make it true.
[quote=NeetaT]No one will ever agree with me, but I know that if there was no such thing as health insurance, prices for health services would adjust to average income, thus more people could afford it out of pocket.[/quote]
I kind of agree with you. For other services, we pay when rendered. For example car repair, or plumbing, or whatever. I think the whole “insurance” thing confuses the issue and masks the costs.
[quote=NeetaT]I will gladly pay for my own healthcare thank you.[/quote]
Well, you would while you’re young and healthy.
Here’s a question: is “health insurance” really code for “I’d like to receive more healthcare than I pay for.”? For example, it seems to me most people want about $0.5M lifetime worth of healthcare (especially counting end of life costs), but they’d like to only pay maybe $50K over their lifetime. If everyone in the country gets ten times more than they put it in, the thing cannot work.
For other kinds of insurance, say Auto, Fire, earthquake, flood, theft, etc, you don’t really expect to use it. The system works because in aggregate folks put in much more than is taken out. The moment that ceases to be the case you don’t have solvent insurance companies.
Is “health insurance” then different? Aren’t we really talking about “health subsidy”?
