Posted 5 years ago on March 6, 2013, 10:49 p.m. EST by Stormcrow1now
from Jersey City, NJ
This content is user submitted and not an official statement
There was an article this week in Time Magazine about the cost of helthcare. Everyone seems to think the reason for high healthcare costs is because of the insurance companies but that could be further from the truth.
Steven Brill wrote an article on this subject and also followed up with actually calling out the HC provider to find out why costs were so high for a couple who needed HC.
What he found out and is true with all HC providers is that they charge prices according to an internal "Chargemaster" price list that they use.
There is no rationality to how prices are determined. Medicare controls costs with HC providers who agree to their restraints. Insurance companies on the other hand are at the mercy of the HC providers because they have no leverage like Medicare/Medicade/US government has.
One other problem is that people who need HC don't understand how they are being charged and in most instances don't care.
As a result the HC providers are getting away with murder they can charge whatever they want to whomever they want when it comes to HC.
Here is the link and article that Time Magazine wrote - read it and understand that this is the reason for the high cost of Health Care -
It has nothing to do with insurance companies like we would all like to believe.
It's time to do something about it if we want the costs to come down -