That’s the Standart in about every developed nation on this planet. I don’t get it either what the USA is trying to accomplish there.
A thing that isn’t obvious seeing that insanely inflated prices is, that these are prices for individuals and won’t be payed by insurances.
If you have let’s say a 70k hospital bill, the insurance might just say we only pay you 8k.
The hospital then takes the 8k and writes of the other 68k as a loss. This results in the hospital not earning any money on paper and they don’t pay taxes.
My favorite thing to look at, when it comes to these inflated prices in USA Healthcare ae the prices of saline solution.
That’s the Standart in about every developed nation on this planet. I don’t get it either what the USA is trying to accomplish there.
A thing that isn’t obvious seeing that insanely inflated prices is, that these are prices for individuals and won’t be payed by insurances. If you have let’s say a 70k hospital bill, the insurance might just say we only pay you 8k. The hospital then takes the 8k and writes of the other 68k as a loss. This results in the hospital not earning any money on paper and they don’t pay taxes.
My favorite thing to look at, when it comes to these inflated prices in USA Healthcare ae the prices of saline solution.
Have a read if you’re interested.
https://www.goodbill.com/hospital-price-of-saline
Privatize profits. Socialize losses.
That is very confusing.
Thousands of dollars, but also somewhere between $3 - $120, what a fucked up system.
Sustain and further enrich an elite class of wealth. At any cost.