Monday, October 17, 2022

THE PRICE OF A MEDICAL DEVICE GOING DOWN?????? WHA???


What's that ya say??

News story says, "For the first time, hearing aids are available for purchase over the counter at retailers across the United States."

That is correct.  In a stunning move, the government actually may have fixed a problem. The people who make hearing aids have been raping the public by pretending these things needed to be issued by prescription at great cost to taxpayers and consumers through higher insurance premiums and reimbursements that basically were in place for far too many years for the purpose of enriching scumbags. 

Now if we will be smart enough to realize that the current entire health insurance industry is the problem and not the solution, we might fix every other problem in that area. 

The big problem...

All transactions are best done directly between the provider of the service and the receiver of the service. I buy a MacBook, the only people involved are me and Apple. Or me and Best Buy. They tell me exactly how much it is, I decide if I want to pay that amount, if I do, exchange is made, no surprises.

In healthcare, between me and the doctor are: 1) the insurance company 2) drug companies and of course 3) The government -- as a provider of its own insurance and through regulation of those previous two things. Three levels of obfuscation, which means that no one working in this model can tell me how much something is going to cost. And that translates to costing many multiples of what it should cost.

When the Obama administration set to dealing with healthcare, they chose, right from the onset, deliberately NOT to deal with the artificially high cost. 

Um what?  Yeah they decided NOT to deal with the ONLY PROBLEM, which was that it costs way more than it should.

Ultimately Obamacare just spread the misery around and solved nothing and created more problems. Some poor people benefitted short term but now the costs have continued to rise to a macabre and comical level. One thing Obamacare completely screwed the pooch on is limiting the insurance companies' profit margin. They were capped at a certain percentage, which any economist who is not a moron will tell you will lead to that company not caring if costs go UP. 

Matter of fact it is BETTER that costs shoot up because, for an insurance company, 10 percent of 10 billion is way better than 10 percent of 2 billion. 

They had NO incentive to keep costs down, and every incentive to let them rise. This is all of course part of the plan to make everything so horrifyingly complex and expensive that everyone involved will just agree to throw the whole thing over to the government to handle. 

Which might be, while horrific and stupid for a country this large, better than the dysfunctional hybrid system we have now.

But that is only a "might be."

Let's face it, we are doomed.

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