On Thursday, March 17, 2022 at 11:35:57 AM UTC-4, Emperor Wonko the Sane wrote:
On Thursday, March 17, 2022 at 9:55:20 AM UTC-5, Emperor Wonko the Sane wrote:
On Tuesday, March 15, 2022 at 3:01:06 PM UTC-5, bruce bowser wrote:
Susan Sarandon Tweet
"It’s our right to know hospital prices"
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“For far too long, hospitals across this nation have profited from concealing prices from patients. It’s our health. It’s our money to save. It’s our right to know hospital prices,” declares Susan Sarandon.
-- https://twitter.com/PowertoPatnts/status/1394648586625945610
-- https://www.yahoo.com/now/public-announcement-airs-during-oscars-124100627.html
I'm not sure what the answer is, but medical billing is the biggest fraud in history.
For example, I just paid the bill for my wife's mammogram. The charge was $1100. Of that, we paid $35 co-pay, insurance paid $280 and $785 was "insurance adjustment." IOW, 71% of the charge is fluff so the insurance companies can tell the customers (
employers) what a great deal we got for you. The real cost of the service is about $315. I wonder how much of the excess expense Americans pay for health care relative to other developed countries is "insurance adjustment" fluff. How many people get paid
some kind of commission based on that fluff?
Certainly not anything I know much about, but it appears to me that the reason is mainly around
who is paying the bill. Because different insurances pay different percentages, some people
pay nothing and most bigly, the government's pile of regulations and payment schedules forces
hospitals to spread-around billing not by cost, but by who pays what.
OTOH, There appears to be a building boom of medical facilities near me. The cries of poverty
seem pretty weak.
-TE
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