11-17-2016, 03:09 PM
(11-17-2016, 12:01 PM)Warren Dew Wrote:(11-17-2016, 01:58 AM)Eric the Green Wrote:Quote:Medicare is going to get cut any way you slice it - or rather, is going to grow at the normal rate of inflation instead of the rate of medical inflation - it's just that vouchers give you more of a choice in how it works.It takes away bargaining power for prices, and leaves you to the mercies of small insurers, who will raise your premiums and deductibles (or should I say mine). Small insurance companies are inefficient and eat up our steeply-rising payments to pay their rising profits.
To the contrary, private insurance is far more able to negotiate for lower prices. As you point out, government is subject to lobbying from the suppliers, keeping prices high; private insurance doesn't have that problem.
No, they have no problem just jacking up prices to give themselves as much profit as they want. The largest health insurance company is Medicare, and it alone has the power to negotiate for lower prices.