TwinTurbo.NET: Nissan 300ZX forum - insurance is a level of abstraction
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Subject insurance is a level of abstraction
     
Posted by maglito on February 01, 2006 at 4:13 AM
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In Reply To Agreed, medical market liabilities are high. posted by Kenny on January 31, 2006 at 04:20 PM
     
Message People don't REALLY care what the price is, because they have this magic thing called "insurance". If drugs (and the entire medical industry) was priced so middle class people could pay it out of pocket (obviously non catastrophic / emergency) people would really push back when prices went up, unlike you see today. It is insurace companies that ENABLE the Pharm comanies to set prices so high.

Come on Kenny you (or your programming) are smarter than that simple line of reasoning you are trying to feed me above.

Yes, liabilities play a (small) part of the increase that is undeniable, but the insurance model in practice today has enabled the incredibled the gross profits seen in hospitals and the pharm companies all over the country.



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