The Soapbox

hoolstoptheheels

Joined: 01/04/2001 Posts: 26982
Likes: 34245


People are definitely different. I know plenty who run to a dr's office


almost weekly. I work with a guy in his mid-30s who goes at the first sign of an ache or pain - I joke with him that once he gets into his mid-50s (where I now reside) he will spend on average 4 hours of every day at the dr.

Anecdotally I can relate the uproar at my firm when we lost our "Cadillac" plan with Ocare. Now it would cost them at least something to run their kids to the doc at the first sign of any problem, or to insist on antibiotics at times when a doc did not think it was bacterial, etc.

IMO markets for anything always become more rational with proper incentives - people getting the service bearing the cost, and people providing it getting the benefit, hopefully with incentives for good outcomes.

Individuals may act irrationally (not taking the $50 to get a check up), but the market as a whole can be counted on the behave rationally. The "sniffles" observation is one small example that resonated with me because of the experiences I mention above.

(In response to this post by southdenverhoo)

Posted: 03/21/2017 at 1:02PM



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