My wife works for a large Mississippi Hospital... Surgery’s, Emergency Room Visits and Bed Census are all down between 60-70 percent...
So are the hospitals going to be overrun after we flatten the curve? I’m not sure which narrative we’re supposed to line up behind anymore.
**but the government has done such a great job with the Postal Service**
...and DMV, VA, etc...etc.......etc.............
Many of the policies and procedures in place for health insurance are there because of government regulations.
^^^THis^^^ We are in no man's land with health insurance. The government has intervened enough to destroy incentives and market forces to the point that they don't regulate prices, but the government isn't doing much to control prices outside of Medicaid (which doesn't control prices as much as shift them). We restrict supply and subsidize demand and then try to regulate pricing through a financial instrument rather than the actual industry itself, and then we complain that free market forces don't work in healthcare.
My personal guess on this is the fact that 1. People that usually went to the ER for a hangnail or bad case of gas are now scared to go and staying home
^^^THis^^^ We are in no man's land with health insurance. The government has intervened enough to destroy incentives and market forces to the point that they don't regulate prices, but the government isn't doing much to control prices outside of Medicaid (which doesn't control prices as much as shift them). We restrict supply and subsidize demand and then try to regulate pricing through a financial instrument rather than the actual industry itself, and then we complain that free market forces don't work in healthcare.
because there's no impact to the consumer. i think the hsa is a nudge in the right direction since it can be rolled over to an ira eventually. i find that i shop around more for price than before but damn its hard to find a price on most things
My personal guess on this is the fact that 1. People that usually went to the ER for a hangnail or bad case of gas are now scared to go and staying home and 2. with all elective procedures being postponed that is also greatly decreasing the patients because no one is going to get their colonoscopy and putting off that shoulder surgery.
Once hospitals are allowed to be back to normal operations I think you will see them once again back where they were utilization wise.
That sounds good in theory, and in a few cases it can even work (like your kids braces). But when you're sick or injured, you're not exactly in a position to price shop, compare and negotiate with a bunch of doctors and/or hospitals.Hospital service cost will never be controlled as long as their is not direct communication between the provider and the patient. If I know up front exactly what the procedure cost and can even negotiate a better deal for paying cash, the cost go down significantly.
The real ***** is that even if we mandate price disclosure, there is some decent research showing that might increase prices because it will not just let consumers know what prices are, but competing providers are charging. And that of course assumes there are competing providers, b/c hospitals have had to buy up practices in order to negotiating power with insurance companies, and in some areas (that are not just the boonies) basically only have one hospital system providing all the service..
It’s also responsible for dr’s running every test known to man. Besides them making money of the test, they could get sued and that lack of test used against them.What’s the role of doctor’s malpractice insurance in all of this? I know it’s a significant cost that is passed on to patients, and I’d like to know what percentage of my cost it is. It seems to me that everyone pays for a few people to get huge paydays.
That sounds good in theory, and in a few cases it can even work (like your kids braces). But when you're sick or injured, you're not exactly in a position to price shop, compare and negotiate with a bunch of doctors and/or hospitals.
The government totally controls what medical providers are actually PAID, and has for a very long time. Check into it before you go off on me.^^^THis^^^ We are in no man's land with health insurance. The government has intervened enough to destroy incentives and market forces to the point that they don't regulate prices, but the government isn't doing much to control prices outside of Medicaid (which doesn't control prices as much as shift them). We restrict supply and subsidize demand and then try to regulate pricing through a financial instrument rather than the actual industry itself, and then we complain that free market forces don't work in healthcare.
I don't recall anyone saying our private insurance system is perfect. Or even mentioning it at all. But I’m sure you’re a fan of Obamacare and all of its glory (which didn’t do anything but change who goes without or pays an exorbitant amount for healthcare).
Also, our system may not be perfect, but it’s the best of what’s out there. And I’ll agree that it’s far from perfect but there’s plenty of blame to go around for that.
What’s the role of doctor’s malpractice insurance in all of this? I know it’s a significant cost that is passed on to patients, and I’d like to know what percentage of my cost it is. It seems to me that everyone pays for a few people to get huge paydays.
So are the hospitals going to be overrun after we flatten the curve? I’m not sure which narrative we’re supposed to line up behind anymore.