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View Diary: The problem with health care: What it costs versus what insurance companies have to pay (62 comments)

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  •  So if I understand this correctly ... (1+ / 0-)
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    happymisanthropy

    The right column is the official "rack rate" that some uninsured schlub would officially get billed, and then assigned as debt to the debt collector (in addition to the bogus late & collection fees.)

    The middle column is the official price that the hospital bills to the insurer - although not the actual price that the insurer pays the hospital, due to the hocus pocus fee reduction - and as well the charge that the insurer then invoices to the patient (which the patient pays the insurer up until the deductible has been reached.)

    The left column is the price that an uninsured would pay if he pays up front, and should be construed to be no less than the price that the hospital needs to get to be solvent (i.e., it could be lower), unless the hospital decides to be charitable.

    What a mess!  I actually feel for the Republitards bitching about how there needs to be much, much more clarity in pricing if patient choice is to be the driver in their health care ideas.

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