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Trump going to war with healthcare industry over Price Transparency
Posted on 5/19/19 at 6:59 am
Posted on 5/19/19 at 6:59 am
Last week they announced a policy over drug price transparency, but they’re working on making the entire healthcare industry be transparent and upfront with consumers on their prices. This is thought to be able to shame providers and drive down prices and eventually consumers would be able to shop for the cheapest/best options for themselves.
Obamacare was basically written by insurance and big pharma, and they’ve been huge lobby powers for a long time, now Trump is going to war with them. Arguably a bigger deal than even repealing Obamacare
LINK
Obamacare was basically written by insurance and big pharma, and they’ve been huge lobby powers for a long time, now Trump is going to war with them. Arguably a bigger deal than even repealing Obamacare
LINK
9
Posted on 5/19/19 at 7:15 am to Lsujacket66
quote:
Obamacare was basically written by insurance
Ha...dude...the healthcare insurance industry hates ACA, because it’s nothing more than a means to force insurers to be a mechanism for wealth redistribution.
Posted on 5/19/19 at 7:25 am to Lsujacket66
This is a war we need
Posted on 5/19/19 at 7:30 am to Lsujacket66
If it stops all the long arse virtue signaling commercials i'd be happy.
Posted on 5/19/19 at 7:33 am to Lsujacket66
That would be a huge win. In no market is asymmetric information a bigger impeder of efficiency than in healthcare
Posted on 5/19/19 at 7:35 am to TOSOV
(no message)
This post was edited on 1/19/21 at 2:46 pm
Posted on 5/19/19 at 7:42 am to Lsujacket66
Winning
Posted on 5/19/19 at 7:43 am to tide06
quote:
We subsidize healthcare R&D for the rest of the entire world in the US. If they want to share in the medications they need to share in the costs. Doing so is 100% consistent with Trump’s position on trade and would drastically lower the price burden on patients here in the states.
Was thinking about this exact issue yesterday, not sure how to fix this, but maybe have countries all pay into some type of healthcare R&D fund or you just require the pharma companies to more evenly distribute their costs, or maybe both
Posted on 5/19/19 at 7:45 am to Lsujacket66
I say treat it like military spending. No pay up? frick you.
Posted on 5/19/19 at 8:22 am to Eli Goldfinger
With the money insurance companies are making No way they don’t like ACA
Posted on 5/19/19 at 5:23 pm to Thedillyplate
quote:
With the money insurance companies are making No way they don’t like ACA
Insurance companies wrote ACA, they love it
Posted on 5/19/19 at 5:48 pm to tide06
quote:
We subsidize healthcare R&D for the rest of the entire world in the US.
Fact
In no place is that more obvious than in the price we pay for drugs, when compared to what our drug companies charge to the rest of the world.
On average Americans pay up to 6 times more.
Basically the rest of the world has used the United States for a free ride on goods and services.
Posted on 5/19/19 at 6:02 pm to Eli Goldfinger
quote:So they say?
Ha...dude...the healthcare insurance industry hates ACA
But . . .
Health care industry on track for massive profits - 2018
Health care: Top insurers made $6 billion - 2017
Posted on 5/19/19 at 7:14 pm to Lsujacket66
quote:
Obamacare was basically written by insurance
It wasn't written by insurance.
But Obama paid the insurance off.
Insurance companies don't like losing money. But they like high premiums.
So Obama guaranteed to cover insurance losses for 5 years. And everyone (but idiot voters) knew that insurance premiums were going to rise.
It was a win/win for insurance. No losses despite the headaches and higher premiums forever. Obama knew the art of making a deal. And it screwed us all over in the attempt of making a name for Obama (obamacare)
Posted on 5/19/19 at 7:38 pm to NC_Tigah
Did you know that a large portion of insurers’ profits come in the form of goal incentives put in place by the government (CMS)?
Take HEDIS for example.
Each of top MA insurers stand to pull down about $200M+ in incentive bonuses from this initiative alone.
If the gov is going to be in the insurance regulation business, they also have to be on the incentives business.
Take HEDIS for example.
Each of top MA insurers stand to pull down about $200M+ in incentive bonuses from this initiative alone.
If the gov is going to be in the insurance regulation business, they also have to be on the incentives business.
Posted on 5/19/19 at 8:32 pm to Eli Goldfinger
quote:Did you know a large portion of insurers’ profits come courtesy of monopolies essentially arranged by the government (ACA)?
Did you know that a large portion of insurers’ profits come in the form of goal incentives put in place by the government (CMS)?
Posted on 5/19/19 at 9:01 pm to NC_Tigah
quote:
Did you know a large portion of insurers’ profits come courtesy of monopolies essentially arranged by the government (ACA)?
From having spent many years in the healthcare industry, I can tell you that I know the ACA hasn’t done anything to add to insurer profitability. Most ACA initiatives (BPCI, etc.) are bigtime money losers.
Also, how do you figure there’s a monopoly?
Private equity firms are constantly coming into the space with new offerings.
You’re talking out of your arse about something of which you clearly know very little.
Posted on 5/19/19 at 9:12 pm to Eli Goldfinger
quote:
From having spent many years in the healthcare industry, I can tell you that I know the ACA hasn’t done anything to add to insurer profitability. Most ACA initiatives (BPCI, etc.) are bigtime money losers.
Horsehit!!!!
Coming from someone in healthcare. The losers are the providers and the patients. We get blamed for the big price tags dictated by insurers and necessitated by overwhelming administrative costs to file and collect insurance money. Not to mention the inflated prices of medical equipment and supplies. Posted on 5/19/19 at 9:16 pm to Eli Goldfinger
quote:Do you know what a monopoly is?
I know the ACA hasn’t done anything to add to insurer profitability.
Do you know how many market monopolies obamacare created?
quote:Not ACA offerings, Hoss.
Private equity firms are constantly coming into the space with new offerings.
quote:
about something of which you clearly know very little
Posted on 5/19/19 at 9:20 pm to SmackoverHawg
1. How do insurers dictate higher prices to providers?
How would this benefit insurers? That’s like claiming auto insurers are responsible for vehicle price increases.
2. How are insurers responsible for durable medical equipment?
Insurers neither make, nor distribute DME.
How would this benefit insurers? That’s like claiming auto insurers are responsible for vehicle price increases.
2. How are insurers responsible for durable medical equipment?
Insurers neither make, nor distribute DME.
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