Originally Posted by
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We already know your $500,000 procedure only costs $200,000. What that 200,000 pays for is all the docs time to perform it, pays for all the equipment, the R&D for that equipment, pays for all the hospital staff to administer the paperwork, all of that. The other 300,000 covers the guy that comes into the hospital that needs the same surgery but has no job and no health insurance. Your premiums already reflect this cost. Even if you shift your costs dollar for dollar, you've now given the government a premium that covers that $500,000 procedure, but now that everyone is already paid up before they hit the door, the procedure only has to cost 200,000. The figures are just an example.
edit: I take that back, your premium SORT OF reflects this cost. Whether youre on medicare or private insurance, you're paying them to negotiate down from that $500,000. Private insurance says we'll pay 400, medicare says we'll pay 380.