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No, they're billing insurance companies that much. For-profit insurance companies are incentivized to drive up the cost of care because of the cap on their pro
by inferiorhuman 2y ago
No, they're billing insurance companies that much. For-profit insurance companies are incentivized to drive up the cost of care because of the cap on their profit margins. More expensive care equals more profits as a bigger pie means a bigger profit even if the percentage remains the same.
Medicare's rates are about a half to a third of what private insurers have managed to negotiate. Funny how that works.
Doctors are not the problem with American health care, for-profit insurance is.