Very good simple explanation. Anyone can understand.
My husband is still receiving bills from an out patient surgi-center for a procedure that he had last October. The bills that are coming in now are ones that were turned down by the insurance company. The last one was$1,000.00 for those things that they put on your legs to prevent deep vein thrombosis. This was out-patient surgery. The surgery was about an hour and the recovery was another hour. So, for two hours use, he was charged $1,000. You know that they don’t use a new machine for each person, this was just for the velcroed air bags and air tube that goes into the machine.
Regardless of the numbers game being played in charges, billing, and insurance coverages...
It has been said (as in this article) that the health care/health insurance industry is one-sixth of the US economy, repeatedly over the past 5-6 years. Does anyone know whether that figure is still in the ballpark? Just thinking that, with the rising costs and stagnant economic growth, perhaps it is now one-fifth or closer to one-fourth?
pfl
This helps explain why so many FReepers are incorrect when they say we will have single payer.
Insurance companies have way too much money to donate to candidates to be shut down.
The progressives are all about crony capitalism.