The Results Of Socialized Medicine

Another round of notes regarding socialized medicine:

In the meantime, here is health care as it should be done.  Get rid of layers of bureaucracy and have people pay directly.  Then you’ll see real prices and real competition.  Most of the “prices” we see are hugely inflated jokes.  The dollar amount you see on the hospital bill is so high because they know insurance will only pay 20-25%, so they increase the rate to what (given their expectations of the insurance company’s expected payout) covers their costs.  And with the actual consumer footing almost none of the bill, there’s no reason to do any kind of price-based competition.

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