The U.S. legislature is currently considering a bill called the "Lower Health Care Costs Act." That sounds good, doesn't it? Everyone supports lowering health-care costs for hard-working Americans, many of whom already pay expensive premiums they can barely afford.
The bill's solution is to impose price controls on the value of services - a solution that fails every time it's tried.
Anthem, the nation's largest private health insurer, has a history of refusing to pay emergency room bills in medical crises deemed "Non-emergencies" after the fact.
Setting price controls on services will encourage insurers to deny more claims for specious reasons in the name of profit.
In an arbitration system, an independent arbiter would be allowed to select a fair price for a bill after receiving competing bids from both the hospital and the insurance company.
The arbiter would be tasked with choosing the fairer of the two proposals, forcing both parties to compete to offer the most reasonable price for the bill.
Given the multitude of examples of insurers cutting costs by taking advantage of people, instituting the Lower Health Care Costs Act, which would empower insurers and increase government meddling, is not the best direction for American healthcare.
https://spectator.org/the-senates-health-care-price-controls-only-empower-insurers/
The bill's solution is to impose price controls on the value of services - a solution that fails every time it's tried.
Anthem, the nation's largest private health insurer, has a history of refusing to pay emergency room bills in medical crises deemed "Non-emergencies" after the fact.
Setting price controls on services will encourage insurers to deny more claims for specious reasons in the name of profit.
In an arbitration system, an independent arbiter would be allowed to select a fair price for a bill after receiving competing bids from both the hospital and the insurance company.
The arbiter would be tasked with choosing the fairer of the two proposals, forcing both parties to compete to offer the most reasonable price for the bill.
Given the multitude of examples of insurers cutting costs by taking advantage of people, instituting the Lower Health Care Costs Act, which would empower insurers and increase government meddling, is not the best direction for American healthcare.
https://spectator.org/the-senates-health-care-price-controls-only-empower-insurers/
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