Originally Posted By: Drew99GT
http://www.marketwatch.com/story/study-confirms-health-monopoly-fears
Perhaps this is why providers and the few big insurance companies bill the way they do - there's hardly any competition. If you have all the big group policies, providers are willing to accept 1/3 to 1/4 what they normally "bill". It's guaranteed business for them.
When I had my appendicitis, I was charged $22,081.55 by the surgeon. He charged Blue Cross Blue Shield (ask anyone if they have anything BUT Anthem Blue Cross in CO) $6,310.32. They bill people like a car lot that sells cars to people with bad credit - there's no out front sales price!
The government is not the solution to fix the health care system. But the health industry brought it on itself by their shady pricing system. The system should be transparent. To have fully a functioning marketplace, you need to have free flow of information. Try having a baby in the US without insurance, you will be stuck at a minimum with $20,000 bill. I know a lot of people who don’t want to have kids because of the high cost of healthcare. It is not unusual to see $120,000 bill if the woman has a semi complicated delivery.
There is no incentive for the regular folks who don't have an insurance to pay their bill. The same people not paying their bills are inadvertently increasing the cost of healthcare in the US. It’s a vicious cycle that is hard to break.