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by rkischuk
5034 days ago
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This is putting things exactly backwards. The argument is roughly "Treating a minor condition cost $24k, which could wipe people out financially, therefore PPACA is important." Where is the outrage over this price? What part of PPACA does ANYTHING to reduce this cost? PPACA does essentially 2 things: 1) It makes insurance "affordable" for people who previously couldn't obtain it at all. 2) Drastically increases demand for health care, without adding to supply or controlling costs any other way. Insurance is simply a distribution of cost over a risk pool. If relatively mundane life happenings cost $24k, and nothing is being done to fix that, we're in real trouble, and I think we are. Nothing done to increase the pool of doctors. Nothing done to control medical lawsuit costs, which transfer money from the insurance pool to individuals. Nothing done to control the cost of drugs (and in some cases, aggravated by making more expensive drugs "free"). Bring the cost down to $2,400 and "wiping people out" isn't as big a concern. |
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We probably don't so much need to deal with malpractice insurance, since that fix doesn't (to employ a congenial metaphor) change the exponent in the Big-O cost of health care.
We need to make it simpler to get drugs on the market, but we also need to walk the tightrope of doing that while regulating pharma marketing, particularly to medical practices.
We need to restructure care in the US. We recognize that the E.R. is a terrible provider-of-first-resort and that non-emergency E.R. visits are damaging the system. We need to start realizing that M.D. doctors are also poor providers of first resort, and get a nationwide system of low-cost clinics deployed. That's already starting to happen at places like Walgreens.
We very much need to figure out how to start exploiting the Internet to provide some level of routine care for patients.
These are all things that do need to happen. But they don't have much to do with the problem that insurance problems are randomly bankrupting large numbers of Americans. We need to fix that problem first. Face it: the most expensive cohort of patients in the US, accounting for by far the majority of our exposure to rising medical costs, have had socialized single-payer health care for decades. Access to private insurance and the "cost curve" of health care are simply orthogonal problems.