Everyone Loses With Insurer Monopolies Except the Insurers

It turns out that when insurers don’t have any competition they drive down the payments to hospitals and doctors.  And then they keep all the profits.

In markets where insurers and providers are concentrated — where consolidations have increased individual market shares — hospital admissions and physician fees drop, a big-data study shows.

However, the power to negotiate lower prices did not result in lower premiums for consumers…

The results were published in the September issue of Health Affairs.

Competition is good.  It brings prices down.  However, the insurers have figured out a way to not compete with each other.  Like some Mafia movie, the families have taken sections of the country and split them up.  Now all they are doing is gouging us all and raking in the cash.

We need a way get the Tattaglia family to cross the Corleone family to cause an all-out war or we will continue to get screwed.

Click here to get your free weekly newsletter. No Spam. No giving out of your info. Promise.)

Douglas Farrago MD

Douglas Farrago MD is a full-time practicing family doc in Forest, Va. He started Forest Direct Primary Care where he takes no insurance and bills patients a monthly fee. He is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. Dr. Farrago is the author of four books, two of which are the top two most popular DPC books. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Dr. Farrago is also the editor of the blog Authentic Medicine which was born out of concern about where the direction of healthcare is heading and the belief that the wrong people are in charge. This blog has been going daily for more than 15 years Article about Dr. Farrago in Doximity Email Dr. Farrago – [email protected] 

  3 comments for “Everyone Loses With Insurer Monopolies Except the Insurers

  1. politovski
    September 11, 2017 at 3:36 pm

    Blue cross must share the judges and congressmen they keep in their pockets….

  2. Charles Koopmann
    September 10, 2017 at 7:07 pm

    Doug-So true!! We need physician unions

  3. September 10, 2017 at 4:29 pm

    Aye! There’s the rub.

    Insurers and big pharma lobby Congress (put millions of $ in their pockets) and in turn get favorable no votes on legislation that would benefit tens of millions of Americans.

    And, on top of all that, they don’t have to participate!

    Love it.

Comments are closed.