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re: Supporters of Obamacare: Are there no free market solutions to Healthcare?

Posted on 1/10/14 at 6:09 pm to
Posted by ironsides
Nashville, TN
Member since May 2006
8153 posts
Posted on 1/10/14 at 6:09 pm to
quote:

A market does exist between insurance companies and providers. But it's a much smaller (fewer actors) and thus less competitive market, lacking downward price drivers, than would exist if patients were paying their own bills.


If that is true then why:
1) Is United Healthcare's cashflow margin less than 5%
2) Is HCA's cashflow margin less than 5%

I just can't get into the "greed" argument when the margins are low and the executives in healthcare aren't making nearly as much as those in banking, technology, or other industries.

NOW that being said if patients were paying their own bills and could comparison shop there would be downward cost drivers......
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