11–20 of 235 posts
Relevant: the US spends double the amount of other countries on healthcare, yet has a life expectancy 3 years shorter. https://ourworldindata.org/us-life-expectancy-low
Relevant: the US spends double the amount of other countries on healthcare, yet has a life expectancy 3 years shorter. https://ourworldindata.org/us-life-expectancy-low
Let the market decide!11! Mark Cuban's project of selling off-brand medication for cheap is great - insurance companies don't want to work with them, but if said insurance companies still require their customers to pay for medication and that project is even cheaper than that, they'll get competed out of the market. Also that free market thing is a lie, it's in the medical industry's interest to keep prices high and…
I'm not familiar with the peculiarities of the US healthcare system, but why wouldn't insurance companies work with off-brand medications? If it costs less it's good for them, no?
Earlier quoted context omitted.
Let the market decide!11! Mark Cuban's project of selling off-brand medication for cheap is great - insurance companies don't want to work with them, but if said insurance companies still require their customers to pay for medication and that project is even cheaper than that, they'll get competed out of the market. Also that free market thing is a lie, it's in the medical industry's interest to keep prices high and…
> insurance companies don't want to work with them I'm not familiar with the peculiarities of the US healthcare system, but why wouldn't insurance companies work with off-brand medications? If it costs less it's good for them, no?
Earlier quoted context omitted.
> insurance companies don't want to work with them I'm not familiar with the peculiarities of the US healthcare system, but why wouldn't insurance companies work with off-brand medications? If it costs less it's good for them, no?
Medical insurer's profits are limited to a percentage of their gross income, so, more expensive medications and procedures are preferred to less expensive ones in order to preserve overall income.
Relevant: the US spends double the amount of other countries on healthcare, yet has a life expectancy 3 years shorter. https://ourworldindata.org/us-life-expectancy-low
Let the market decide!11! Mark Cuban's project of selling off-brand medication for cheap is great - insurance companies don't want to work with them, but if said insurance companies still require their customers to pay for medication and that project is even cheaper than that, they'll get competed out of the market. Also that free market thing is a lie, it's in the medical industry's interest to keep prices high and…
It's great and going to help a lot of people. But it's still not cheap compared to a lot of other countries which either provide free medication or medication for a fixed fee per item (usually around $10-20, varies by country).
Earlier quoted context omitted.
> insurance companies don't want to work with them I'm not familiar with the peculiarities of the US healthcare system, but why wouldn't insurance companies work with off-brand medications? If it costs less it's good for them, no?
Medical insurer's profits are limited to a percentage of their gross income, so, more expensive medications and procedures are preferred to less expensive ones in order to preserve overall income.