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View Diary: I feel sorry for health insurance companies. Yes, I said that. Why? This Time report must be read. (228 comments)

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  •  lab rip-off (7+ / 0-)

    We've figured out the Big Pharma is making a killing off Americans who must pay the most outrageous prices in the world for medications.
    If Americans only knew how much they were being ripped off on labs.... Oh, sorry, "ripped off" = vulture capitalism.

    Labs are ENORMOUSLY marked up.  I know because as a practitioner I get practitioner pricing that I can offer to my patients. Even with a small mark-up, the labs I offer are 100's of percent cheaper than if they had to go straight to the lab as an un-insured.

    They can pay me $60 for a basic thyroid work-up and it would cost them $300+ straight from the lab. I charge $80 for a genetic test. The same test is $400 on the market.  I could go on, and on, and on.....

    If the federal government simply took over doing the #50 most common labs done in the country I bet we could save BILLIONS a year.  

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