Thursday, March 30, 2017
The Law and Supply and Demand Says Get Rid of Insurance
Would we to have less expensive medical bills? The prices are not going to come down as long as you are providing someone who can step in and and pay the bill regardless how high it goes. Unfortunately, insurance and government are now playing the role of sugar daddies who can afford to pay whatever prices are charged, regardless how high. Prices are only going to drop if there is not a sugar daddy to foot the bill. If medical providers cannot bill large insurance companies and cannot bill the deep pockets of government, prices will drop. If medical providers are limited to getting their money from you and I, prices will come down. It is the law of supply and demand. If the supply of money drops and the demand for the service remains, it will force prices down.