Allowing a more competitive market place will increase competition and lower prices. Originally Posted by LazIs there any evidence that 9 or 10 companies competing in a given market will lead to lower prices as compared to only 4 or 5 companies competing in that market?
- Doove
- 09-11-2012, 06:43 PM
- Laz
- 09-11-2012, 06:49 PM
Is there any evidence that 9 or 10 companies competing in a given market will lead to lower prices as compared to only 4 or 5 companies competing in that market? Originally Posted by DooveYou mean other than historical examples by many different businesses. No. However it is likely to be more than 9 to 10 companies.
The thing that keeps rates high that has the most impact is policies that cover routine care. Those policies take away the normal consumers desire to get the best value and the medical companies need to compete. That is the big driver of insurance cost and Obamacare does nothing for that.
- Doove
- 09-11-2012, 08:34 PM
The thing that keeps rates high that has the most impact is policies that cover routine care. Those policies take away the normal consumers desire to get the best value and the medical companies need to compete. Originally Posted by LazBut if companies don't offer that when they're competing against 4 or 5 companies in, say, Nebraska, what makes you think they'll offer it when competing against 15 or 20 companies in Virginia?
- Laz
- 09-12-2012, 12:46 AM
They do offer it. That is the problem. A transition to high deductible policies with a health care savings account would do more to lower costs than anything else.
- Doove
- 09-12-2012, 05:10 AM
They do offer it. That is the problem. A transition to high deductible policies with a health care savings account would do more to lower costs than anything else. Originally Posted by LazI wasn't clear. When i said "...companies don't offer that", by "that", i meant the high deductible policies that you were advocating.
- Laz
- 09-12-2012, 08:01 AM
They do offer them but they are not adopted on a wide scale and HSA's are limited. Obamacare will eliminate both HSA's and high deductible policies.
- Whirlaway
- 09-12-2012, 08:32 AM
Yes; laser eye surgery,,,,many many providers have lowered the cost of the procedures dramatically all markets....
The procedure is lightly regulated and is not a typically a "covered" insurance expense....
Proof that free markets work.
The procedure is lightly regulated and is not a typically a "covered" insurance expense....
Proof that free markets work.
Is there any evidence that 9 or 10 companies competing in a given market will lead to lower prices as compared to only 4 or 5 companies competing in that market? Originally Posted by Doove