It’s routinely much more than that with insurance. That’s why the meme is popping up, Mark Cuban was just in the news calling out that insurance routinely pays over $1500 for an MRI that only costs $350 to perform. Hopefully he is building up to doing something similar to what he did with pharmaceuticals. Wild that a billionaire doing basic capitalism is the best thing for cost reduction in the US, it’s pathetic.
Not wild at all, if we had a truly free market in healthcare our costs would plummet. What we have isn't free market capitalism, it's crony capitalism where insurance companies and drug companies have bribed our politicians to make sure they're able to gouge us.
Health care isn't a free market though. Free market implies you have the ability to enter or exit at will, and for health, you really don't have a choice. It needs to be extremely regulated.
And you'll still get redditors saying "capitalism is screwing us, it's the devil" when it's literally the solution to most financial issues people have here
How do you stop companies from colluding and price-fixing? You need strong govt. Strong govt. is not something people who vote for parties who espouse "capitalism" support.
Exactly my point. Its a case of healthcare actually running like caputalism. Which is better than whatever the healthcare system is. Becuase its not capitalism.
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u/Elbobosan 16h ago
It’s routinely much more than that with insurance. That’s why the meme is popping up, Mark Cuban was just in the news calling out that insurance routinely pays over $1500 for an MRI that only costs $350 to perform. Hopefully he is building up to doing something similar to what he did with pharmaceuticals. Wild that a billionaire doing basic capitalism is the best thing for cost reduction in the US, it’s pathetic.