The insurance companies are a big part of the problem....and the reason we don't have single pay universal coverage.
4. Healthcare is not Consumerized
Another reason for the rise in health insurance costs is healthcare is not yet fully consumerized. Most people do not pay directly for their health insurance -- their employer does. As a result, most people are disconnected from making truly informed decisions about their cost of care and their coverage.
5. Lack of Cost Transparency
Despite a wealth of information at our fingertips via medical journals and the Internet, there is no uniform or quick way to understand treatment options and the costs associated with them. This lack of cost transparency means consumers cannot make truly informed decisions - even if they are savvy healthcare consumers.
6. Carrier Consolidation
As Reid Rasmussen reported in a Benefits Pro article earlier this month, carrier consolidation will lead to decreased cost competition and higher costs. For example, the five largest health insurance companies are reducing to three with Aetna (#3) buying Humana (#5), and Anthem (#2) absorbing Cigna (#4). Additionally Assurant exited the health insurance business last year, 22 of the 23 PPACA-created co-ops have closed, and United Healthcare made news this month as they are leaving many ACA Marketplaces.
7. Fewer Plan Options & Smaller Provider Networks
As healthcare and health insurance costs rise, health insurance companies need a way to control costs. One approach is to limit plans offered. Another is to limit the provider networks. The result? Consumers in many markets are finding fewer plan options and have reduced access to doctors and providers.
https://www.zanebenefits.com/blog/8-reasons-health-insurance-costs-continue-to-rise
There is never going to be lower healthcare costs if you don't stop blaming the left.