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Started By
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How much would healthcare cost if it was cash based?
Posted on 3/5/21 at 9:26 pm
Posted on 3/5/21 at 9:26 pm
Would the price of surgeries, medicine, and doctors visit be much less if it was cash based? Do insurance companies allow the medical community to charge more for services than a cash based system would?
This post was edited on 3/5/21 at 9:28 pm
26
Posted on 3/5/21 at 9:28 pm to thadcastle
$350
Posted on 3/5/21 at 9:30 pm to thadcastle
Insurance is definitely tied to ballooning health care costs, as is Obamacare.
Posted on 3/5/21 at 9:30 pm to thadcastle
Much less. The introduction of insurance was also the start of the gradual removal of accountability.
It’s nobody’s money, so it must be ok to steal it.
Welcome to $20 for an aspirin.
It’s nobody’s money, so it must be ok to steal it.
Welcome to $20 for an aspirin.
This post was edited on 3/5/21 at 9:32 pm
Posted on 3/5/21 at 9:31 pm to thadcastle
quote:
Do insurance companies allow the medical community to charge more for services than a cash based system would?
100% yes
Posted on 3/5/21 at 9:34 pm to thadcastle
Of course. Why do you think Lasik, cosmetic, and other elective surgeries are so cheap?
Posted on 3/5/21 at 9:35 pm to thadcastle
The first thing that would need to change is services would have to have a known cost up front, as the price couldn't be negotiated after the fact, as it is now.
Then, in a free market system, competition would lower overall costs, however better doctors could charge more, which would be an incentive for them to go through more training.
In the end it would be better for all parties, so don't expect Louisiana to do it.
Then, in a free market system, competition would lower overall costs, however better doctors could charge more, which would be an incentive for them to go through more training.
In the end it would be better for all parties, so don't expect Louisiana to do it.
Posted on 3/5/21 at 9:38 pm to thadcastle
Much cheaper.
My wife suffered a bad ankle sprain in Belize. Cash only. Doctor, X-rays, wrap, crutches, prescription. Under $100.
My wife suffered a bad ankle sprain in Belize. Cash only. Doctor, X-rays, wrap, crutches, prescription. Under $100.
Posted on 3/5/21 at 9:43 pm to thadcastle
IMO it would cost about what veterinary medicine costs.
Posted on 3/5/21 at 9:53 pm to thadcastle
Well, about a year ago, I had to wear this device that monitored my heart for 21 days straight...24/7. When done, they sent me a bill for $4,999.00 and my insurance would not pay a cent. I called the monitor company to discuss and they said they would settle for $29.95! 
Posted on 3/5/21 at 10:00 pm to thadcastle
quote:
How much would healthcare cost if it was cash based?
I used to work at a hospital in the late 1990s - at that time patients were charged $12 a Tylenol
But the employees would take them like candy
So even though $12 is a lot - the employees shouldn’t have mooched either
Posted on 3/5/21 at 10:04 pm to thadcastle
I never really realized how expensive healthcare is until this cancer bit - some of the bills that I see piling up is astronomical. Hospital is charging my insurance $60k to get a port installed in my chest - my jaw dropped when i saw that.
Posted on 3/5/21 at 10:09 pm to thadcastle
It would be cheaper but also more scarce.
Posted on 3/5/21 at 10:16 pm to GreenRockTiger
quote:Theft
the employees shouldn’t have mooched either
Posted on 3/5/21 at 10:18 pm to thadcastle
It would cost a lot fricking less.
Posted on 3/5/21 at 10:18 pm to tigergirl10
quote:
Theft
Yep - I agree.
Posted on 3/5/21 at 10:41 pm to thadcastle
quote:
Do insurance companies allow the medical community to charge more for services than a cash based system would?
When people aren’t allowed to negotiate their own prices or pick their own doctors, it gets twisted
Insurance companies negotiate the prices and I think they negotiate in their own interest to keep prices high so they can charge high premiums.
The system is broken. I know that
Posted on 3/5/21 at 10:44 pm to thadcastle
The fact that many elective vision correction procedures were not covered by insurance was why the procedures became cheaper and better over time.
Posted on 3/5/21 at 11:11 pm to Eightballjacket
I did this research a few years back.
If all prices stayed the same.
No more Medicare, no more plans.
No renegotiated rates or drug costs...
Just everyone in a universal single payer program at the current prices?
Over $1k per person per month.
Flat.
Edit:
CMS link
If all prices stayed the same.
No more Medicare, no more plans.
No renegotiated rates or drug costs...
Just everyone in a universal single payer program at the current prices?
Over $1k per person per month.
Flat.
Edit:
CMS link
This post was edited on 3/5/21 at 11:14 pm
Posted on 3/5/21 at 11:17 pm to thadcastle
The amount they bill insurance is insane. I had a $1.2 million liver transplant in Jan. 2020. The negotiated rate insurance paid was $230K. Where does the hospital make up that other million, or it just an inflated bill?
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