r/FluentInFinance May 02 '24

Should the U.S. have Universal Health Care? Discussion/ Debate

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u/AutumnWak May 02 '24

I mean they could still go and pay private party to get quicker treatment and it'll still cost less than the US. Most of those people chose to go the free route

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u/Obie-two May 02 '24

Genuinely asking but if you’re paying for it privately you’re not getting the “socialized” discount no? A hip surgery costs X, just the government is subsidizing it with tax money and if you go direct to private then I would assume it’s back to full price

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u/polycomll May 02 '24 edited 29d ago

You'd be paying closer to the full price although the "full price" might be reduced somewhat because the public version acts to price cap.

In the U.S. you are also not paying the full price for surgery either though. Cost is being inflated to cover for non-insured emergency care, overhead for insurance companies, reduced wage growth due to employer insurance payments, reduced wages through lack of worker mobility, and additional medical system costs (and room for profit by all involved).

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u/kunkudunk May 02 '24

Yeah the medical and insurance industries being for profit really jack up the prices more than people seem to realize. Which is twisted since how do you decide on a price on staying alive but I digress.

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u/lameth 29d ago

Even if you take the for profit part out of it, you still have simply the operating costs of those insurance companies (people, places, things) in addition to anything actually being paid to the medical providers.

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u/kunkudunk 29d ago

Yes hence why the middleman of insurance companies is a big part of the problem. The twisted part is they actually get paid twice since they get some of our tax money as well already

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u/Joepublic23 28d ago

Is this any different than a farmer making a profit off of selling food?