More Evidence Against Health Insurance

David Lazarus of the Los Angeles Times, whose columns on health policy tilt heavily towards single-payer advocacy, has done a great service to the cause of consumer-driven health care: In a recent piece he describes how much more sense it makes to pay cash prices for health services than to pay what your health insurer “negotiates” supposedly on your behalf.
Five blood tests were performed in March at Torrance Memorial Medical Center. The hospital charged the patient’s insurer, Blue Shield of California, $408. The patient was responsible for paying $269.42.
Tests that were billed to Blue Shield at a rate of about

Read more at The Independent Institute