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 Originally Posted by wufwugy
When the person paying is the person buying and using. Like if you buy a sandwich with your money at the store that you eat.
Sure. Now, buying in bulk should not bring down costs? I assume that if you buy 10 sandwiches, you may get at least 1 free. Or some free OJ.
Originally Posted by wufwugy
Quality and efficiency deteriorate with each step away from first-party payment. Regarding insurance, it functions efficiently as a catastrophic measure. Our current healthcare market is nothing of the sort, and costs are outrageous because of it. I believe it is due to some specific government policies (like how tax breaks for employer health insurance are creating a whole market of health insurance where there would likely otherwise be upfront prices and first-party payments instead).
We are buying insurance against something that hasn't happened yet. By buying in bulk, ergo 1 entity buying all of the insurance, it *should* bring down the price paid. Like buying 10 sandwiches and getting 1 free, Or some free OJ.
Sidenote: these first party purchases obviously already exist, like when Cristiano Ronaldo buys insurance for his legs, or Kim Kardashian buys insurance for her ass. Those that need it, can get it as per usual
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