KayLJ Wrote:
Apr 01, 2013 12:50 PM
it is the very existence of insurance that drives of medical costs. Once you divorce the consumer from feeling the full financial impact of his consumption, it encourages over utilization, inefficiency, waste and fraud than did not previously exist. The irony is these forces try to right themselves in the market by driving up costs which then drives up premiums, deductibles, co-pays and out of pocket costs until the individual is really paying out of pocket what he would have been paying directly for his medical care if insurance never existed. Insurance diverts & hides the full cost to the individual, who is paying far more for health care than he would voluntarily choose to spend if he had to pay it directly instead of to a 3rd party.