g5000
Diamond Member
- Nov 26, 2011
- 127,170
- 70,903
- 2,605
- Thread starter
- #41
The solution favored by many conservatives is to force consumers to shell out more money when they seek medical care so that they will think harder about whether it is really necessary. The “consumer-directed health care” movement calls for providing people with enough information about doctors and treatments so that they can make wise decisions.
There would most likely be some savings. A classic experiment by Rand researchers from 1974 to 1982 found that people who had to pay almost all of their own medical bills spent 30 percent less on health care than those whose insurance covered all their costs, with little or no difference in health outcomes. The one exception was low-income people in poor health, who went without care they needed. Any cost-sharing scheme would have to protect those unable to bear the burden.
New York Times
This is where buying your own health insurance would bend the cost curve down compared to EPHI. When it is your money you are spending, you spend it more wisely.
And to repeat, you also get to tailor your insurance to YOUR needs, and not to the needs of the entire herd.
Last edited: