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Originally Posted by FRPLG
OK...but aren't people more concerned simply with the cost to themselves? When I am think about costs ultimately I am thinking what can we do to get those people paying $700 a month for insurance to only pay $600.
Also...the costs you cited...do they included the so called "defensive medicine" that doctors cite as causing issues?
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Well ultimately cost is all tied together. Naturally, slowing the growth of malpractice saves providers money. Over time, providers get pressured by Medicare, Medicaid, and commercial payers to bring down their reimbursement rates to account for these savings. And providers will oblige under political pressure.
Once growth of reimbursement rates to providers is slowed, that puts more money back in the pockets of Medicare, Medicaid, and your insurance company. They then will slow the growth of your premiums.
It's all connected. It will take time for the savings to work their way through the system back to the consumer. But it will happen.