[coofluence]

In India, "health insurance" has very little impact. It is essentially for hospitalization. This is the ideal situation as per the article: let healthcare negotiate with patients.

But look at the downsides: no standardization of procedures or facilities, price gouging is common and doctors+hospitals controlling prices.

The fallacy here is that the patients can shop and bargain for care they need. It isn't so in so many situations due many distortions in free market utopia. Perhaps, someone needs to hack a new solution to insurance.