A typical hospital bills your insurance 10-20x more than a fair market price for any given medical procedure. This isn’t surprising: the healthcare industry is a chaotic mess of middlemen and bureaucrats, and everyone takes a cut. When you cut out everyone except a doctor and a patient, you’d be amazed at how low prices can get.
The healthcare industry is simple in theory: doctors provide medical services to patients in exchange for money. Brilliant! But a generation ago, patients stopped actually paying for these services themselves, instead relying on their insurance plans to cover everything on their behalf. This is already extremely strange; in what other industry does a third party pay for everything you buy, in exchange for a flat monthly rate? Click here to learn more!
