The medical industry seems corrupted by medical insurance. Medical professionals operate for profit through insurance entities. I feel we should consider how medical practice used to be; when customers were more valued; where there was no insurence and everything was affordable.
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Do you understand what the intent of insurance is supposed to be?
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Yeah, increasing prices so that people without insurence are priced out of service. Lol
Yeah, for guarenteed payments, reimbursement rates, reduced administrative burdens and bad debt issues, to uphold legal and regulatory requirements, supposedly to fulfill charity obligations, easier to negotiate prices, easy to deal with malpractice and liability concerns and lack of experience or carelessness for patients, to financially survive if people didn’t pay, and for easy referral networks. That’s as much as I know.
I say the medical industry is all sorts of screwed up, overpriced, and corrupt. The prices are exageratedly over-inflated, and the middle-mans makes all the money.
I would redo the whole medical system.
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No, the core idea behind insurance, as it’s supposed to be, is that you are concerned you might be hit with an expense in the future you’re not able to cover, and so you pay for an insurance policy that, if you actually do have to pay that expense in the future, your insurance policy pays for it instead.
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I’ll note that.
So do you agree that health insurance should be used more for catastrophic injuries as opposed to doctor visits? Maybe instead have a health savings account for lesser injuries and routine doctor visits?
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There is realistically no reason why a routine doctor visit should be a normal part of a health insurance policy.
For minor injuries, though, that should be more a matter of if a person wants to pay more for a policy that covers lesser injuries, that should be up to if the insurer wants to make such a policy available and if the person purchasing insurance wants to pay for it.
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That’s actually a really good idea.
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My thought is if you have insurance through your employer, a portion of your pay should go into a medical account with no limits as to how much you can put in there for lesser injuries and doctor visits from which you would pay out of, and then you buy a policy for catastrophic injuries/illness which policy should cost way less than your average health insurance premium because you would only ever use it if you had a catastrophic injury/illness. Of course I’m sure the insurance companies would find a way to raise those premiums so some kind of regulation would be needed to keep that from happening
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No reason is right. In the past there may have been a time when having all medical care expenses mediated by an insurer made sense. That time has come and gone. These days, with the information age, practices and facilities can set their fees and publish them, allowing patients to shop. Banks and payment apps enable paying bills in hundreds of easy ways - card networks, online bill-pay services, ACH to name a few. Health insurers as implemented today are superfluous, and might cease to exist if not mandated by law.