Btw you are forced as well because of Obamacare but even if you were not forced, you would still need it unless you are an excellent salesperson/negotiator where you go a Doctor's office and negotiate Cash Price.
Tell me what's the first question you are asked when you call a Doctor's office other than your name ? It is "What Insurance company do you have" ?
Do you want to spend hours calling and faxing various places to save $50 on a bill? The people on the other end of the line are getting paid to talk to you, they'll happily talk to you for hours. But you have other things to do.
You are correct that prices should fall if demand was reduced, but that would mean a period where people go without healthcare. And you are correct having a middleman does increase prices. But in this case, you also have the high cost of highly specialized people doing difficult work, medicinal patents, and extremely high liabilities involved.
Now I know you will say "Oh get a better insurance through your employer". If You don't see the problem with that, I have nothing to add. I should not be dependent on an Employer to provide a good neogitated Health Insurance Rate. The job of an employer is not to provide Health Insurance. It adds overhead for them and employees as well.
This is purely on the cost side. NOw let's talk about the inefficiences that are added due to Insurance middle man mafia. I had a Doctor's office bill incorrectly and it took me days to fight with them and the insurance company just to correct a bill. I know I am not alone in this.
We need to get rid of Insurance companies and rethink the concept of Health Insurance. Thats my opinion and if I had the power, I would do it today.
Your assumption is incorrect. You are not paying for your doctors and hospital bills, and you are not paying for just the 1 year. You are paying for the NICU baby that costs $1M, or the anemic person that needs medicine that costs $100k per month, etc. And the chance that you might be one of those people.
>Now I know you will say "Oh get a better insurance through your employer". If You don't see the problem with that, I have nothing to add. I should not be dependent on an Employer to provide a good neogitated Health Insurance Rate. The job of an employer is not to provide Health Insurance. It adds overhead for them and employees as well.
No, I will not say that. Employers are involved in health insurance because it gives big employers an advantage over small employer by being able to compensate employees with pre tax dollars, and it helps prevent people from being able to compare compensation from different jobs so it incentivizes employees to stay put.
A further benefit is that employers with relatively healthy and young employees such as higher paid desk job firms can sequester their health risks into a healthier pool of lives so that they are not subsidizing healthcare for older/less healthy people.
>This is purely on the cost side. NOw let's talk about the inefficiences that are added due to Insurance middle man mafia. I had a Doctor's office bill incorrectly and it took me days to fight with them and the insurance company just to correct a bill. I know I am not alone in this.
Absolutely, there is inefficiency. But doctors are among the smartest, most well paid people in the US, and have been for a long time. There is a reason that most agree to the terms of insurance companies, and that is because they know their customers cannot afford to pay them as much as they get via insurance companies.
See also this comment.
