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View Diary: Price of admission: $105,000 (40 comments)

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  •  What I find hilarious, (4+ / 0-)
    Recommended by:
    Jagger, catleigh, nanobubble, Eirene

    is when they charge someone who pays cash more than someone who uses their insurance.  Cash payments involve far less overhead and the money arrives much faster.  

    Why do they get away with this exactly?

    •  Because the insurance companies are fleecing (6+ / 0-)

      the doctors and hospitals, too.  I check my EOB's, and we get a lot of them, and our insurance usually pays less than 50% of the doctor's charges, sometimes as little as 10%.  So when the docs or hospitals see a 'customer' come in who desperately needs their services and has no market power like the insurers, they sock them with full price (and then some, it appears).  This is what the rightwingers refer to as letting the free market work its magic.

      "Going to church does not make us Christians any more than stepping into our garage makes us a car." --Rev R. Neville

      by catleigh on Tue Apr 29, 2008 at 07:01:58 PM PDT

      [ Parent ]

      •  And it just spirals from there. (1+ / 0-)
        Recommended by:

        The docs/hospitals get sick of being paid a fraction of their fees, so they increase their fees.  This increases the insurance company's "medical losses," so they pay a lower percentage and charge higher premiums.  

        At some point, this will become unsustainable.  Just a few days ago, there was a diary about how insurers are beginning to price themselves completely out of the market.

        I just hope it'll all get better after it, inevitably, gets worse.

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