When insurance companies got involved in the business of selling pre-paid medical care over 60 years ago, they put themselves between the doctor and the patient. It’s at that point in time when we saw the exponential increase in healthcare costs in this country. The result is something unique in industry; consumers use services they have no responsibility of paying for and the agency paying the bill isn’t the one using the service. Put simply, the health insurance industry’s intervention into the doctor-patient relationship, coupled with governmental overreach, has resulted in most of the fundamental rules of economics being broken.
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