Health care and insurance is a scam. As the author pointed out, $600.00 or more for a bottle of saline solution that costs less than $1.00 is just a single example of the excessive cost of health care. And it’s no accident.
Health insurance started as a way to guarantee hospitals could pay doctors even when the beds weren’t full. Good for hospitals, good for doctors, maybe good for you as a way to make sure a doctor was available if you needed one. But not good for the insurance company if people didn’t buy in. How do you guarantee people buying in? You convince the hospitals to raise prices to such an insane amount that people can’t afford to not have insurance. Brilliant! That’s why you pay $750.00 to the doctor who saw you for 15 minutes (real number) and a $2.50 finger splint costs over $600.00 (real number).
And if that’s not enough, a study from a few years ago showed hospitals charge insurance companies as much as 60% less than they charge uninsured patients.
The author estimates a very modest potential 50% savings in health care costs. The real number if we demanded real costs based on their cost is probably closer to 75–80% less — and no need for insurance. That would be a bill I could support.