General Discussion
In reply to the discussion: Medicare for all is so much cheaper and simpler than subsidizing insurance companies [View all]Orrex
(66,991 posts)And let me say for the record that I scream inside every time I hear the phrase "healthcare consumers." Fuck the evil shithead who coined that vile euphemism.
Beyond the excerpt you correctly cite, healthcare defies the market model because you can't shop around. When you're bleeding from an exposed aorta, you don't have the luxury of deciding between competing providers, and for that matter you can't assess prices in advance because hospitals don't disclose them.
Famously, an operation that costs $1000 and one hospital can easily cost $30K at another, with no difference in procedure, recovery, equipment or expertise. But you can't generally know this in advance, so you can't make an informed decision in "purchasing" your "healthcare commodity."
What other marketplace operates this way, with decisions forced upon consumers under duress and with no ability to make an informed decision? Can you imagine buying a car or a home in this way? But medical bills can routinely exceed those costs, and we're all supposed to be just fine with it?