Dan O’Neill

Private Health Plans Paid Hospitals 254 Percent of What Medicare Would Pay In 2022, prices paid to hospitals by employers and private insurers for both inpatient and outpatient services averaged 254 percent of what Medicare would have paid for the same services. Prices varie...

Why are insurance premiums so high?

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www.rand.org/pubs/researc...

You cannot have:
a) Low healthcare costs
b) No consumer cost sharing
c) Doctors do everything they think benefits patients
d) No insurer oversight

This week certainly illustrates the fiendish political economy of health costs.

Economists often fret that public programs are too vulnerable to lobbying.

But costs are often much harder to cut when private insurers are in the mix, because it’s too easy to fit them with a black hat.