alt Hacker Newsyes. It's completely insane that health insurance A) does all price discovery B) is tied to your employer.
Ask an American hospital how much something costs - you will get a completely fake price back, this is a sign of a totally broken market.
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How is less regulation suppose to fix any of that?
I am good with getting rid of B).
A) can probably only be fixed with regulation. Why would hospitals and insurance otherwise make prices transparent? The current state serves them really well.
> Ask an American hospital how much something costs - you will get a completely fake price back
You think the government tells hospitals to lie to you? The hospitals lie because the government doesn't force them not to. Laissez-faire capitalism causes that. Regulation is needed to fix it.
A and B are due to regulations?
The 'fake' price is due to the negotiation of reimbursement between major healthcare chains and insurers. The most regulated piece - Medicare - is the only piece where there's fairly transparent pricing.