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Politics : A US National Health Care System?
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To: Alighieri who wrote (13637)2/28/2010 11:55:51 AM
From: Lane3  Read Replies (1) of 42652
 
but it does nothing to reduce the actual cost of medicine
Sure it does. If you have competition for products, then competitors develop products that are price competitive to attract business.

If you lower premiums, then the cost of medicine, broadly framed, is reduced. Catastrophic, exclusionary benefit, and higher co-pay policies all have lower premiums.

If some of those products lower the cost of delivery, then you've reduced the cost of medicine even more. HMO-type options reduce the course of delivery.

If some of those products cause unnecessary usage to be reduced or greater cost consciousness in usage decisions, then you've reduced the cost of medicine more still. Catastrophic, narrow benefit, and higher co-pay policies all do that.
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