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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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  •  I am a physician.. (6+ / 0-)

    ...at an academic medical center. As I read this, I feel frustrated....depressed. Because the report is mostly accurate, not just a compendium of cherry-picked anecdotes.

    You are indeed at the mercy of the "chargemaster" if your insurance does not cover the charge, or if the test was done by an out-of-network lab, or if you don't have insurance. The capriciousness of the "chargemaster" is something to behold.

    There's a lot more than the "chargemaster". For example, in most states it is legal for hospitals to significantly "upmark" costs of diagnostic services. For example, if a test is performed by a third party for $1000, the hospital can turn around and charge the patient $3000. Go figure.

    We keep on railing about big oil and the military-industrial complex, but my own field is just as sleazy. I'm disgusted.

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