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re: Corporations like single payer because it keeps healthcare off the balance sheet

Posted on 7/18/17 at 6:09 pm to
Posted by the808bass
The Lou
Member since Oct 2012
111672 posts
Posted on 7/18/17 at 6:09 pm to
quote:

Medicaid and Medicare get better prices for their members due to increased bargaining power


I'm pretty sure it's illegal to give a better discount than Medicare or Medicaid get. It may be why they have such "bargaining power."
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69401 posts
Posted on 7/18/17 at 6:12 pm to
If every single health payment was based on Medicaid, nearly every medical sector provider would see huge decreases in revenue
Posted by bonhoeffer45
Member since Jul 2016
4367 posts
Posted on 7/18/17 at 6:17 pm to
quote:

I'm pretty sure it's illegal to give a better discount than Medicare or Medicaid get. It may be why they have such "bargaining power."




Even if this were true, then by this logic you would expect the private market to be damn close, like right up to the line. But they aren't.

Now I want to say that this is not me endorsing the totality of how and how much Medicaid/Medicare reimburses. It is just to say that they are effective at getting lower prices.
Posted by Rakim
Member since Nov 2015
9954 posts
Posted on 7/18/17 at 6:21 pm to
quote:

I'm pretty sure it's illegal to give a better discount than Medicare or Medicaid get. It may be why they have such "bargaining power."


^^^

This is true
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