Health Care: How does government involvement raise the price of health care?
- Thread starter FX883
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CaptUSA
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Government subsidizes health care services and medicine. By putting more money towards those services and medicine, the sellers of such products and services can raise their prices.
Supply/Demand. You are artificially increasing the amount of demand while the supply increases slower. That = price increases.
Unfortunately, we're in a place where every time the price goes up, we increase demand further by throwing even more taxpayer dollars at it. We do this in education as well.
Look at the price of health care before government spending on it, then look at it once the govenment spending started.
Supply/Demand. You are artificially increasing the amount of demand while the supply increases slower. That = price increases.
Unfortunately, we're in a place where every time the price goes up, we increase demand further by throwing even more taxpayer dollars at it. We do this in education as well.
Look at the price of health care before government spending on it, then look at it once the govenment spending started.
johnrocks
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Forced mandates at the State levels that require insurance to pay for everything from weight counseling to Doctor visits adding anywhere from 20-50% to the premium cost.
Employer tax credits which places insurance in the hands of the employer instead of the individual which takes the "skin in the game" out;iows' another entity;your employer; is paying the bulk of the premium cost so why bother worrying about cost;we're not paying it.
Third party payors besides group such as Medicare,Medicade and SCHIP...again, why worry about the cost when others are paying and health care providers charge up to the max that these carriers allow as opposed to competing for business by offering the best service at the lowest cost.
Government intervention contributed to the obesity epidemic due to sugar quotas in years past;don't think we have them anymore but the damage was done; and corn subsidies that allowed corn syrup to enter the market which made us fatter which contributes to rising health costs.
Employer tax credits which places insurance in the hands of the employer instead of the individual which takes the "skin in the game" out;iows' another entity;your employer; is paying the bulk of the premium cost so why bother worrying about cost;we're not paying it.
Third party payors besides group such as Medicare,Medicade and SCHIP...again, why worry about the cost when others are paying and health care providers charge up to the max that these carriers allow as opposed to competing for business by offering the best service at the lowest cost.
Government intervention contributed to the obesity epidemic due to sugar quotas in years past;don't think we have them anymore but the damage was done; and corn subsidies that allowed corn syrup to enter the market which made us fatter which contributes to rising health costs.
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