Providers, not insurers, are responsible for excess U.S. health care cost (2024)
4 hours ago
- #healthcare costs
- #insurance industry
- #healthcare reform
- Private health insurers have low profit margins, unlike monopolies, and are not the primary reason for high U.S. healthcare costs.
- Most excess healthcare spending in the U.S. goes to providers (hospitals, pharma, etc.), not insurers, who act as middlemen with limited financial extraction.
- Public anger often targets insurers due to direct interactions (denials, bills), but systemic issues like provider prices and regulations (e.g., certificates of need) drive costs.