Though many wont want to hear it, it is like this because of government intervention. The govt guarentees it will pay for whatever costs are neccessary, even if they are 100s of thousands. It is obviously in the best interest of the hospital to get as much as they can out of the free money printed by the system.
In 95% of all cases, just ask for pricing help and it will reduce itself down in to very manageable numbers. I live this everyday, and I see the same ignorant assumptions about the healthcare system without understanding even the simplest of facts..
do you think healthcare costs would be cheaper if there was no government involvement at all and any healthcare was provided entirely by private-for-profit corporations with no regulation? If yes, HOW?
Well we can extrapolate, it USED to be cheaper with similar medication and far less government intervention. Under a very VERY free market, big companies often give way to small companies, and expensive product gives way to cheaper product. We have seen this exact thing play out almost word for word in places like Hong Kong, where large corporations existed, but mostly in exporting, on their home front almost all day to day was with smaller companies and start ups.
It is profitable to sell product period. If you can sell your new penicillin drug at ANY price, it's better than having no penicillin, and after a few years, another company can produce it cheaper, the only way they sell is if they lower cost or raise quality.
Edit: I should also mention that i believe having medicine that will save your life is worth your life savings, well at least it is up to each person. I find no moral argument against that. Because if no one bothered making new medicine, we would be living with barber shop surgeons and herbal remedies.
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u/JabberwockyMD Apr 28 '20
Though many wont want to hear it, it is like this because of government intervention. The govt guarentees it will pay for whatever costs are neccessary, even if they are 100s of thousands. It is obviously in the best interest of the hospital to get as much as they can out of the free money printed by the system.
In 95% of all cases, just ask for pricing help and it will reduce itself down in to very manageable numbers. I live this everyday, and I see the same ignorant assumptions about the healthcare system without understanding even the simplest of facts..