Is the US system of health insurance just socialized healthcare with less bargaining power? Is there any real advantage to it?

Question

Is the US system of health insurance just socialized healthcare with less bargaining power? Is there any real advantage to it?

In: 3

Answer 1

Healthcare varies tremendously from state to state. The insurance companies have tremendous bargaining power. I live in MA and our #2 & #3 just merged. So now two companies cover the majority of the population.

Both are non for profit and have a 2% operating budget, so they are really motivated to negotiate lower prices from providers.