Post
Topic
Board Bitcoin Discussion
Re: Bitcoin as a catalyst for Health Care (Worldwide)
by
CompNsci
on 31/01/2014, 23:34:38 UTC
At least in the U.S., one of the primary problems with healthcare is the lack of a real market for the products and services. Since the tax code provides that health insurance premiums are considered pre-tax, most people have their insurance through their employers. Thus most purchasers of insurance don't directly know the premium being paid and evaluate it against the benefits received.

The apparent cost of bottom dollar coverage, like only paying $20 for your $100 primary care visit, is reduced, and so people pay to insure things that wouldn't normally be insured. They also don't tend to know the true cost of the visit, the lab tests that are ordered, the medicines, etc. In such a market, of course the price of everything goes up and up.

The question I am puzzling over is, how could bitcoin break that cycle and put price incentives back?