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Deep Turning's avatar

There's a good post over at Noahpinion by liberal economist Noah Smith about the economics of health care. Insurance companies are secondary middlemen. The providers, especially hospitals, are the biggest cost center by far, much bigger than insurers or drugs/technology. Hospitals are a particular culprit because they, like US universities, have very bloated and costly administrations.

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Ronda Wells MD's avatar

Good article! Double those bubbles in the diagram and you’ll have the picture. There are so many sections of each company, it’s astonishing. The original Obamacare diagram was a nightmarish maze of bureaucracy. Have worked in health insurance x 30 years—it’s not us! It’s the hospitals. The minute the insurance caps were removed, costs for bone marrow transplants were doubled. I wish I could say the organs go to the right people, but as a transplant case manager I can tell you they don’t. Centers will transplant anyone if there’s insurance to pay for it. 😕

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