Comment by snarf21

This is easier to solve by just passing a law that insurance companies move to reference pricing. Meaning that private insurance cost is always Medicare + 30%. This is what most private insurance negotiates anyway. It is completely unnecessary bloat to have all this maneuvering on price for no benefit. The insurers (payors) will push back because they see themselves as gatekeepers and this as their differentiation. They need to go back to only making their money on their float against premiums. Additionally, we should also add that paying cash means you get the Medicare price.