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Likewise healthcare. The fact that insurance companies exist who will pay for a $250000 procedure guarantees that those prices continue. If the customers of healthcare (patients) were the payers, those ridiculous prices would vanish.


It's almost like our health system consists of a small collection of companies playing fast and loose with each other's money, trying to extract as much from each other as possible, and the output of all of this graft (not including co-pay and deductible) is average healthcare at sky-high prices.




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