Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

I think many people also get unintentionally screwed by the insurance pricing model that demands to only pay at most 25% (an oversimplification) of the stated cost and doesn't allow discounts to insured individuals.

For instance: a hospital charges patients $300 for an X-ray if they pay directly in cash. However, insurer "X" has a policy that they only pay 25% of standard rate for all procedures. So the hospital states their standard rate is $1200 for an X-ray.

So now I (as an insurer "X" policyholder) get billed $1200, but my insurer decides it's a non-covered expense. Does the hospital adjust my bill down to their cash rate of $300?

No.

That would violate their agreement with the insurer and potentially mean that the insurer would only pay them $75 per x-ray moving forward on ALL of insurer "X"'s policyholders.

So now I hypothetically am stuck with a bill four times as large as it would have been if I were entirely uninsured.

This is a product of the impersonal transformation of medicine caused by corporate ownership (and accounting) of local care facilities combined with the legal/profit seeking power of large insurance firms.



You can go to their accounting department and tell them you're unable to pay the full amount of the bill due to hard-ship. They will in turn probably reduce the bill down to $300 dollars. Either that or you walk out the front door and they get paid for nothing, and they have sell the outstanding amount for penny's to the dollar to a debt collector.


Yep, and the $900 difference is written off as a loss by the hospital. They must pay zero taxes.




Consider applying for YC's Winter 2027 batch! Applications are open till November 2.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: