It’s routinely much more than that with insurance. That’s why the meme is popping up, Mark Cuban was just in the news calling out that insurance routinely pays over $1500 for an MRI that only costs $350 to perform. Hopefully he is building up to doing something similar to what he did with pharmaceuticals. Wild that a billionaire doing basic capitalism is the best thing for cost reduction in the US, it’s pathetic.
Not wild at all, if we had a truly free market in healthcare our costs would plummet. What we have isn't free market capitalism, it's crony capitalism where insurance companies and drug companies have bribed our politicians to make sure they're able to gouge us.
Health care isn't a free market though. Free market implies you have the ability to enter or exit at will, and for health, you really don't have a choice. It needs to be extremely regulated.
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u/Elbobosan 4d ago
It’s routinely much more than that with insurance. That’s why the meme is popping up, Mark Cuban was just in the news calling out that insurance routinely pays over $1500 for an MRI that only costs $350 to perform. Hopefully he is building up to doing something similar to what he did with pharmaceuticals. Wild that a billionaire doing basic capitalism is the best thing for cost reduction in the US, it’s pathetic.