Quote:
Originally Posted by Titan
I am a little surprised by the hue and cry to have the government come in and regulate the prices an independent business can charge. Next will there be a fee schedule for accountants and lawyers? Then what is next? What if they capped the price you can charge for a barrel of oil? Seems like commie madness to me.
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You create the US health care problem. There lacks incentivization for competition when insurance blinds the customer from the price. Capitalism only works when the consumer can select the lowest price good that meets their needs.
So when a customer with insurance goes to the dentist price isn't really a concern provided its in the insurance company fee schedule
The insurance company charges cost plus x% so doesn't fight for lower prices.
Businesses when selecting plans rarely would look at an insurance fee guide when selecting what plan to go with so points can be shaved here by the insurance company to lower rates for businesses.
Employees don't select an employer based on the fine details of dental benefits.
So no where in this cycle is there an incentive to reduce cost.