Amazon and Walmart Have an Rx for Healthcare. The Cure Won’t Be Easy. - WSJ

Artificially high costs are passed on to patients, employers and taxpayers in the form of higher premiums and deductibles. And because many Americans get insurance via their employer, those who are dissatisfied with their plan might need to change jobs to get a better one.

This is the most poorly researched paragraph I’ve read in a very long time.

“Almost 30% of the time, patients would save money by paying cash instead of using their insurance. The fact that this is ever the case tells you how messed up the current system really is,” says Zach Reitano, CEO of the cash-pay healthcare startup Ro.

Nice analysis of bias there, btw. Zach, the CEO of a cash-pay start-up thinks health insurance is messed up.

The “messed up” part of the current system is that people buy insurance to cover basic services that they should pay for out of pocket. It’s like buying a warranty on your car that covers oil changes, tire rotations, and air filters. Of course it’s going to be expensive and inefficient! Health insurance should cover major, catastrophic events.