Article 3S7FT What Causes Hyperinflation for Medical Costs in the US? Medical Insurance, Which Is the Problem, Not the Solution

What Causes Hyperinflation for Medical Costs in the US? Medical Insurance, Which Is the Problem, Not the Solution

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from from FEE on (#3S7FT)

First, remember that no insurance company pays the list price, ever. Second, the higher the list prices for medical care, the more people feel compelled to obtain the insurance to protect them from the painfully hyper-inflated prices. And third, the high prices of medical care prompt politicians-in their infinite ability to screw things up-to do inane things like unconstitutionally force all Americans to buy the same financial products ("health insurance") that caused the problems in the first place. And insurance companies-like all cronies-love it when politicians mandate the purchase of their crappy products.

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