Comment by TimorousBestie
2 days ago
Here you go, a recent survey: https://www.jgwentworth.com/resources/medical-emergency
> The survey showed that over nine in ten (92%) of insured respondents had delayed or avoided medical care because of concern about cost.
> In fact, 95% of those surveyed said a medical emergency would likely put them into serious debt even with insurance.
An unexpected car replacement would put most people into serious debt. And there's no insurance for that.
People get so hung up on the idea that they should have to pay for health care, when you have to pay for every other necessity in life.
Why are you moving the goal posts? You asked for a citation and were given one and now you just change to a different argument.
So you didn’t want a citation after all. Alas.
[dead]
We want consumers to consider cost when evaluating what services to buy, though. That's a feature.
The medical emergency debt statistic is just the usual thing of people not really understanding how medical insurance works.
When I’m having a heart attack, or when I’m in anaphylactic shock - you know, some of the most expensive procedures that happen - I’ll make sure to confirm the ambulance is in network, the hospital, the specific first ER doctor, the specialist, the surgeon, the lab, the lab techs, the anesthesiologists and so on, while I’m either unconscious or actively dying.
Every insurance plan I've ever had makes exceptions to the in-network requiremnts for emergencies like that.
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> We want consumers to consider cost when evaluating what services to buy, though.
A lot of medical care involves inelastic demand because your options are 1) pay this or 2) suffer and/or die.
"The market" does not function correctly with inelastic demand curves.
Yet another reason to socialize healthcare.
This is the crux. Capitalism doesn't work here and a fair bit of people like to pretend it does.
Then there's the people who bemoan "paying for someone else's healthcare" while completely ignoring that's what they're doing in the current system anyway.