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I was once one of those 'young people without insurance who needed health care' | 355 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
I was once one of those 'young people without insurance who needed health care'
Authored by: Anonymous on Saturday, June 30 2012 @ 10:17 PM EDT
but i think the point being made was the the $150K bill you may have seen was a
fanciful bill as the real amount the doctor, hospital, etc received was much
much less.

It sounds like the insurance and medical industry work with two sets of account
keeping books, one to show 'you' and one for the 'insiders'.

If i ran a company with two sets of account keeping books, i would be in jail..


[ Reply to This | Parent | # ]

I was once one of those 'young people without insurance who needed health care'
Authored by: Anonymous on Sunday, July 01 2012 @ 06:42 PM EDT
If you were an uninsured patient who did not qualify for any "safety net
programs", and were not able to pay cash in full, you would have been
billed
between US$600,000 and US$750,000. Had you been on medicaid, the
total bill would have been under US$50,000. Had you paid been able to pay
cash in full on demand, you probably would pay between US$75,000 and
US$100,000.

The exception to the above is those medical practitioners that reject all forms

of insurance, including Medicaid/Medicare. These practitioners typically
require cash prior to the delivery of service.

[ Reply to This | Parent | # ]

Yep. Insurance is a *protection racket*
Authored by: Anonymous on Thursday, July 05 2012 @ 01:11 PM EDT
The hospitals and doctors agree to inflate their prices by a factor of 10, but
to charge the insurance companies the real price.

This allows the insurance companies to run a protection racket. One assumes
they must give kickbacks to the hospitals and doctors.

[ Reply to This | Parent | # ]

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