Originally Posted by sweetana3
I do love the BCBS statements as hard as they are to understand. Lab costs for basic lab work were billed as about $400. BCBS negotiated payment was $56. Nothing more paid or owed by me, the patient. Period. $56 was accepted as full payment.
I know I have read this about private medical bills but this is seriously out of whack. $400 down to $56.
My cat's tests cost more.
Yes, it's a psychotic system.
Don't forget it goes something like this in the background:
Cost to provider $150
Negotiated reimbursement $56
Net to you $0
to provider $94
That money has to come from somewhere which, in turn, leads to over-use of other services that are reimbursed more rationally, or aggressive billing practices, or niche medicine (veins only, cosmetics, concierge), or $85 Tylenol tablets in the hospital, etc. etc.
I'm a strong believer in capitalism and free markets but IMHO health care and free-market capitalism don't mix well, for lots of reason. But I'll settle for universal coverage as a first step.