The cost curve rise has bent down- that's all that was promised. Despite GOP obstruction and sabotage. The U of R would be shocked, dummy.[
The GOP blocked all regulation of heath care forever, in 2007 it was twice as costly, or 60% more costly, than anywhere else, with 500K bankruptcies/year because of scam policies and 40k dead/year because of no coverage, dupe. I have a Masters in History lol, you have a masters in bs propaganda. Dems don't have bs/hate sites duh. That's all RW DUHHHHHHHH.
If you have a Masters degree of any kind, it came from a Cracker Jack box.
Health care costs are
A.) Higher
B.) Lower
In constant 2016 dollars now than they were in 2007?
Which is it?
For lurkers who have intellectual curiosity;
{
Because there are no actual prices for medical services, there is no price competition. Without price competition, there is little resistance to charges that continually skyrocket far in excess of the inflation rate.
Price gouged consumers have no practical way to defend themselves against unreasonable medical bills. Litigation entails retaining an attorney plus an expert witness to testify regarding the reasonableness of the amount billed. In virtually every case, the cost of litigation makes defense against medical price gouging impractical. The result is health costs are the leading cause of personal bankruptcy.
Last summer, the New York Department of Consumer Affairs made national headlines when it forced Whole Foods to admit the company short-weighted customers. Our government employs thousands to protect consumers from being bamboozled on an ounce of ham, gasoline or for a fraction of a percent on a mortgage or credit card loan. However, when it comes to healthcare pricing, consumers are abandoned and health providers are shielded from free market competition.
How did we end up with predatory healthcare pricing? Pricing has been rigged by the industry that pumps, by far, the most cash into Washington. The healthcare industry spends more on lobbying than the defense, aerospace, and the oil and gas industries combined. Morally corrupt politicians have allowed the industry to foist upon our nation the highest cost medical care on earth, by a margin of at least 50% per-capita, while providing significantly lower quality than exists in other wealthy nations.
The currently fashionable concept of price transparency will not ameliorate the health cost crisis. A simple blood test for cholesterol can range from $10 to $400 or more at the same lab. Hospitalization for chest pain can result in a bill from the same hospital for the same services ranging anywhere from $3,000 to $25,000 or more. Transparency would merely show that each healthcare provider charges extraordinarily wide-ranging different prices for each service it provides and continue to sow price confusion.}
Perspective: Skyrocketing health care costs are caused by political corruption