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The most obvious problem with healthcare prices is that consumers are removed two steps* from paying for it, so there's little price pressure. But it's hard to have an insurance-based system while also providing an incentive to choose a lower cost provider.

* first by insurance, and second by the employer/government paying for the bulk of that insurance



That's why we shouldn't have an insurance based system. Like Ron Paul (who has been a medical doctor since the early 1960s) says, health insurance should be for catastrophic medical events, not for routine checkups and minor ailments and illnesses.


That's how Singapore does it, which is probably fine. A shame nobody their system hasn't come up as a viable option over here.




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