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Grace-Marie Turner of the Galen Institute on the growing trends of consumers paying cash for health care and how the president’s plan will impact co...
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I think it's a 250 dollars in cash to a patient who got a cat -- pay cash to fifty.
The same hospital charges insurance companies more than 4000.
Dollars for that very same cat -- Why is that why the difference gracefully -- -- -- from the Galen institute is in -- answer the question grace -- Why is it so much less for cash and the insurance companies -- it will lot money -- If it's consumer power its competition when consumers are in charge of spending -- -- dollars and they asked the price.
Then they pay up front it costs the system less because they don't have the -- -- all the bureaucracy of fighting with insurance companies.
And -- are in charge of those decisions thirteen million people now have health savings accounts.
We're gonna see a lot more of this of people asking upfront but not much to assist -- -- What women why is it that's an insurance company would pay for.
Thousand dollars vs 250 for an individual pays cash surely there's something wrong with the insurance company is all the insurance system surely that's the case.
So capsule early at the third party payment system and these and many communities now we see.
Hospital consolidation.
Hospitals have.
You monopolies duopoly is where hospitals can really dictate to insurance companies.
This is what our prices are taken or leave it and the -- insurance companies can't avoid having.
These major medical senators and their plans are -- -- will subscribe so you have you have the supplier dictated the price.
Because the insurance companies.
Don't have that there are competitors and if.
Hello my employer health office me that insurance in the first place I don't can't add that the insurance companies -- 4000 book -- them -- I don't think having that it it doesn't rest on my shoulders I don't have to pay that bill but look obviously great.
There's no.
He can't reform back whole system very easily and is not the direct reform is not the direction and obamacare is taking his.
Hello my goodness obamacare is going to put much more.
Bureaucracy and place dictate what those health plans have to cover much more generous than many of them are now.
Health care costs will go through the roof at the same time that they of the supporters at this law the president on down said.
That we -- gonna have health care cost 2500.
Dollars.
Her family at lower by this year.
Then at the law didn't pass they are going to -- war may be 30% higher than they already are -- it you know 'cause of this market disconnect.
-- grace Marie you put your finger on at the key to getting these costs -- controls is making every patient a consumer.
When you put the patient and the doctor directly together.
The -- is going to be very careful about how -- money's spent and yet obamacare takes away that option.
By getting rid -- or reducing.
The amount of money we can put in flexible spending by half of cuts that money so they're going in exactly the opposite direction.
That's right consumers are really an afterthought in obamacare.
And there is this huge potential.
Army -- consumers.
That could demand lower prices we've seen about other sectors you see it what people with these account based plans.
They go in and they ask how much something costs because they know that they're gonna see the full price of that -- Where all ultimately pay these high health care costs anyway.
Either again directly.
Through lower.
Pay at our jobs are higher taxes are higher health insurance so if we.
Connect people with the prices up front not when they're on a Gurney in an operating -- being wheeled into -- That's not when you -- surprise if you have for prices about.
The cost of the insurance the cost of MRI.
The cost of having your hip replaced making sure you're getting the best value for your health care dollar.
Consumers can do that Obama here -- -- That they can't make -- systems.
Nancy Pelosi thinks that it will be six to three.
That the mandate is constitutional what's -- -- about ten seconds give -- account.
Isn't that interesting that she now thinks that at least three justices believe that the health law's unconstitutional I think it's gonna be five to four.
For the individual mandate is unconstitutional and maybe the whole thing tigris -- will will be watching that very Kevin -- --
