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AI-backed medical debt company claims payment plans can help US healthcare costs
(www.theguardian.com)
this post was submitted on 25 Jul 2025
42 points (90.4% liked)
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The problem with US healthcare costs is insurance. This includes, Medicaid, Obamacare, and Medicare, not just private insurance. Too much insurance, and not enough shopping around for lower prices, effectively as not having any competition. In basic economics, people shop around for cheaper prices among providers who should be competing among each other. This is basic economics. Why is that so hard for Americans to understand? More insurance is not going to fix the problem. Americans need to go through basic economics as high school curriculum, because their current education isn't serving them well. They have no ability to understand causation and easily mislead by the corrupt politicians they vote for. Paul Krugman, for example, could not see how inflation could be produced by squeezing supply chains, and flooding the economy with money.