I think your order is wrong: hospitals/doctors increase the costs for insurance pay customers because insurance exists.
Insurance pays out around 20% of the time. As in, the health care providers just get nothing from them most of the time. This is especially bad for Medicare/Medicaid. They then raise the prices to cover the situations that get nothing.
Source: I work for a nonprofit healthcare company and they share their yearly income statements.
I think your order is wrong: hospitals/doctors increase the costs for insurance pay customers because insurance exists.
Insurance pays out around 20% of the time. As in, the health care providers just get nothing from them most of the time. This is especially bad for Medicare/Medicaid. They then raise the prices to cover the situations that get nothing.
Source: I work for a nonprofit healthcare company and they share their yearly income statements.
Yes, I thought that was what I said.
They way I read your post was that it was more of a collaborative effort to raise prices.