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> I also couldn't wrap my head around why they didn't just pay whatever they thought it was worth and let me cover the rest. Because insurance would then just
by cogman10 2y ago
> I also couldn't wrap my head around why they didn't just pay whatever they thought it was worth and let me cover the rest.
Because insurance would then just lowball the cost of everything.
Insurance needs to either do what they say they do, cover x% of procedure cost with a maximum yearly deductible or we need to be talking about why we have insurance in the first place.
We need new regulations around health and insurance. Ideally, public insurance.
- evoke4908 2y ago> Because insurance would then just lowball the cost of everything. They do. Many, many billable items are priced to the limit that insurance will pay. Insurance and providers have agreements on the prices they can charge for certain procedures or supplies. It used to be the norm that insurance would pay their maximum and leave the rest to you. Sometimes the provider would waive the difference, sometimes it was billed to you. The cost of healthcare is 100% an artefact of insurance price fixing and absolutely nothing else.