Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: GROUND ZERO™ who wrote (34392)	6/30/2012 9:28:55 PM
From: Copeland	2 Recommendations Read Replies (1) of 220927

The insurance companies don't pay the charged rate. They pay a negotiated rate which is often 30% of the charge that is billed -- take a look at your explanation of benefits (EOB) form the next time you see a doctor or have a medical test done that's covered by insurance. Medicare pays much less. Most hospitals and physicians (ahem "providers") can't or do not balance bill the difference. The guy who is getting screwed over is the person without insurance (the self-pay patient) -- he's on the hook for the charged amount, which usually results in bankruptcy. That's why it's essentially financial suicide not to carry health insurance in the United States

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