They’ll just put out list prices that are five to six times as high as what they’ll actually get. Just as companies did under Nixon’s wage and price controls.
It’s a pretty Sad Day in America when the President has to sign an Executive Order to enforce 100 year old, long standing ANTI TRUST LAWS!!!
Price lists are not really fesable for hospitals. there are just too many variables.
There can be prices for some seervices but not for all.
When I checked into the hospital, they made me sign a bunch of forms. One said, basically: “I will pay the charges, whatever they are.”
That violates basic contract law, how can someone agree to something when they don’t know what it is? Courts have let these places get away with this for YEARS.
I am one of the “uninsured” because I belong to a healthcare sharing ministry. Because I initially write a check for every medical bill I incur, I applaud this.
Good. Now do an EO requiring country of origin labels on food products.
Something in hospital care is rotten in Denmark! Recently, I took my wife to the local hospital because a viral infection wasn’t resolving. She was there for no more than two hours. They did a chest X-Ray with a portable machine in the exam room and routine blood and urine tests. The prescription they wrote went to our pharmacy so it’s cost was not included. The bill they sent Medicare was $25,000.!
Medicare paid them less than $1,000. There is something radically wrong with this process, and if the $25k figure is right, I pitty the poor White Guy w/o insurance that gets stuck with the bill!
Exactly.
This sounds like the plan of a person who knows diddly about health care and what drives pricing.
Bravo!
Have you ever asked how much a test would cost? I have. Blank stares.
AMA fascism.
They don’t know or won’t tell you.
And then there are the “trial bills”.
Unless you contest them, they will ruin your credit rating. Eff them! :)
They wear you down when you are least able to defend yourself.
They know what they are doing.
AMA mafia.
Disagree. Would not *only* benefit the uninsured.
Doesn’t require more bureaucrats & bureaucrats shouldn’t be determining prices anyway.
Gives consumers opportunity to protest high costs & overrule the bureaucrats.
It only requires the provider to post itemized costs *before* purchase, like menu items in a restaurant, giving the consumer the choice to accept or reject.
Forces providers to compete.
Also, consumers can note changes in costs & better detect fishy billing, saving $$ for taxpayers.
Requires alert consumers, though.
I was using a walk-in clinic, paying cash for all visits & lab tests, with itemized billing.
Soon as I went on Medicare, the cost of basic office visit went from $100 to $190, almost double!
Each lab test jumped, too.
Why?
Because they could. “The government” is the deep pockets.
I raised heck about it. Most people don’t.
My bill was adjusted.
Bulls and Bears, w/DAvid Asman, on FoxBiz, was supposed to be doing a program segment on all of this, on their show, tonight. Where they reviewed POTUS’ EO, Medicare and Medicaid news, etc.
This is big. Hospitals overcharge those without insurance so they can write of huge ‘losses’.
It’s unfair to the country, to the poor and to taxpayers.
Trump’s amazing.
Since I live in NJ, it was an "out of network" Operation.
This was back when Insurance was good, before the Moron from Kenya, eff'ed it up.
It was an all in the same day surgery, Pre-op testing to the actual repair.
I was speaking to the Doctor about the unique way of doing it.
He explained that the Amish ride in at dawn with cash and need to go back home at the end of the day.
Bottom Line was $4000, if you pay cash for everything.
I paid $250 for the out of network Deductible & the Hospital billed the Insurance Company $17,400
What they settled for was $4700
What it would be know under the current mess, is anybody's guess!
I was in a urgent care clinic a few months a few months back. They had a menu board that listed the prices for most of the services and tests they performed,
...but the action will only benefit the uninsured...
However, I do think it’s broader than that. There will become a real price competition, even if you are insured. The cool thing is that they will have to honor this price even if you are insured.
Then again, it could be like the “list price” on items that is never really the price charged.