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It's the norm because our entire healthcare system is broken. Hospitals have to gouge people with insurance in order to cover the costs of people without going
by fzeroracer 8y ago
It's the norm because our entire healthcare system is broken. Hospitals have to gouge people with insurance in order to cover the costs of people without going to hospitals. Combined with the bureaucratic and paperwork nightmare that is figuring out who pays what and who negotiates costs down it's all bloat and highway robbery designed to enrich as many parasites along the way.
It's a system designed to help only the wealthy with costs to match.
- anderber 8y agoYou're partially right. When you see someone be charged an outrageous amount for something that should be fractionally cheaper, that's a different reason. You see, hospitals mark up prices astronomically so that when they make deals with insurance companies, they can say that they saved xx% of the cost. Which looks good to them, and the hospitals don't loose that much making deep discounts. Then goes in a poor sucker with no insurance who has to pay full price. Example: Hospital price for a bandaid: $100 Blue Cross says they want 80% discount Hospital says ok Blue Cross looks good because of how much money they saved Hospital still makes good profit
- refurb 8y agoAs someone who works in the industry, this is absolutely correct. I’ve talked to hospital administrators about what price they think is fair for a new drug. They say “$100”. I asked what about a higher price and a discount ($200 and a 50% discount). They tell me “Even better! I can go to my boss and tell him I got a lower price which is great since that’s a big component of my bonus!”