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Medical providers and insurers won't tell you prices because they want to keep ripping you off


               
2019 Aug 3, 9:46am   1,035 views  14 comments

by Patrick   follow (59)  

https://www.latimes.com/business/story/2019-07-29/column-could-our-healthcare-system-be-any-dumber

Fountain Valley resident Jennifer Moore makes a really good point.

“When you take your car to the mechanic, they give you a written estimate before they touch it,” she told me.

“So why is it that when you go to the hospital, you have no idea how much something will cost until the bill arrives?”

Moreover, why are prices so completely different from one healthcare provider to another?

And why is it that when patients try to find out in advance how much something will cost, they’re treated like unwelcome guests rather than equal partners in their own treatment?

The magnitude of reforming the $3.6-trillion U.S. healthcare system is so daunting, it’s hard to even know where to start.

Here, let me help.

Open a window and let in some sunlight.

The near-total lack of transparency in healthcare pricing is a key reason we have the highest costs in the world — roughly twice what people in other developed countries pay.

Simply put, drugmakers, hospitals, labs and other medical providers face no accountability for their frequently obscene charges because it’s often impossible for patients to know how badly they’re being ripped off.

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2   FortWayneHatesRealtors   2019 Aug 3, 10:22am  

Didn’t Trump require prices be disclosed? Or was it not enforceable?
3   Patrick   2019 Aug 3, 10:34am  

Yes Trump did require hospitals to publish price lists. A good start.
4   FortWayneHatesRealtors   2019 Aug 3, 10:44am  

I haven’t seen any publish it btw.

Patrick says
Yes Trump did require hospitals to publish price lists. A good start.
5   Patrick   2019 Aug 4, 11:57am  

It is the law though:

https://www.ajc.com/lifestyles/health/hospitals-must-make-prices-public-starting-jan/W4pjlYm3vtuKoiNVDnr3qJ/

Anyway, hospitals get out of it by just making up extremely high numbers that they don't actually charge (unless you don't have insurance -- then they charge you those numbers).
6   GNL   2019 Aug 4, 12:02pm  

In case it isn't evident, America is a scam. A skim in every way possible. Look at all the ways it's done in real estate and financing.
7   RWSGFY   2019 Aug 4, 12:22pm  

Patrick says
“When you take your car to the mechanic, they give you a written estimate before they touch it,” she told me.


They also tell you it is not final and can go up if they find something else once they tear it apart. This is especially true for collision repair. That's why it's a bad idea to settle with the ins co, cash a check and then start a repair.
8   MisdemeanorRebel   2019 Aug 4, 1:49pm  

Many hospitals, care centers, and even large doctor's offices get flat payments from insurers as well.

Insurers and Hospitals have pretty good ideas A) How something will cost and B) The likelihood of certain procedures/complexities arising based on your conditions and that of the tens of thousands with your mix/absence of certain conditions.

Also, mechanics update you if they find additional problems. Hospitals just shock you with a final bill.

There needs to be a mandatory cash discount or mandatory UCR Net 90 days CASH for accepting Medicare.
9   MisdemeanorRebel   2019 Aug 4, 1:49pm  

Many hospitals, care centers, and even large doctor's offices get flat payments from insurers as well.

Insurers and Hospitals have pretty good ideas A) How something will cost and B) The likelihood of certain procedures/complexities arising based on your conditions and that of the tens of thousands with your mix/absence of certain conditions.

Also, mechanics update you if they find additional problems. Hospitals just shock you with a final bill.

There needs to be a mandatory cash discount or mandatory UCR Net 90 days CASH for accepting Medicare.
10   Patrick   2019 Aug 27, 3:41pm  

I think US healthcare can be fixed if millions of people demand:

1. an EASY way to know price of non-emergency treatment in advance so they can shop around
2. strict regulation of emergency treatment prices, because there can be no free market in an emergency

How do we get those millions to demand it?
11   KgK one   2019 Aug 27, 4:18pm  

Getting quote is preferred.i think it can be done with 70% of doctor services.

For other 30 % its tricky.
Compared to a car, human body is significantly complicated.

There are shiity doctors and mechanics. You end up getting wrong diagnoses n fixing wrong parts, costing way more. Mechanics do trick people in spending lot , and sometimes breaking other parts , I hear stories of con artist mechanic all the time.

Prices vary at different mechanics. Lexus dealer mechanic 200/hr vs honda 100/hr. Vs local guy 50.

Some doctors are really good, n may charge more.

Cost of living also varies. Ny Manhattan doc hay to pay a lot for office , employees, etc vs Ohio town.
12   Patrick   2026 Jan 26, 11:04am  

https://www.coffeeandcovid.com/p/justified-monday-january-26-2026


Last week, Reuters ran an eye-opening article headlined, “US lawmakers press health insurance executives on affordability.” Representative Jason Smith (R-Mo.) published a clip from the Ways and Means Committee Hearing that is, perhaps, the best short explainer of everything wrong with Obamacare and our ‘healthcare’ system. ...

At one point during the hearing, Representative Smith, Chairman of Ways and Means, asked the assembled CEOs a series of pointed questions about their companies. Here’s a rough transcript:

SMITH: Which of your companies owns or controls a health insurance division? Raise your hand.

CEOs: All raise hands.

SMITH: Please keep your hand up if you also employ healthcare providers, or own clinics, specialty pharmacies, or any other kind of medical practice or pharmacy?

CEOs: All raise hands.

SMITH: Please keep your hand up if you also own or control a pharmacy benefit manager?

CEOs: All raise hands.

SMITH: Please keep your hand up if you lead a publicly traded company at which you have a legal responsibility to maximize shareholder value?

CEOs: All raise hands.

Chairman Smith wrapped up the electrifying segment like this: “We’ve established on the record that the largest health insurance companies are not just insurers. They’re also medical providers and pharmacies, diagnosing and deciding treatment for patients. They are also PBMs, another form of middlemen, managing drug benefits. They are increasingly controlling every aspect of our healthcare system.”

In other words, Obamacare created a three-tier system: hospitals, doctors, and pharmacies on the bottom; “pharmacy benefit managers” to negotiate drug prices in the middle; and insurance companies at the top. The big insurance companies responded to this perverse incentive by buying up the whole stack. Now they control the entire health process from stem to stern. No wonder their stock prices skyrocketed 10x since Obamacare was passed.
13   zzyzzx   2026 Jan 27, 8:01am  

When I was looking for a doctor to do my cataract surgery last year I found a website which showed what individual doctors were charging Medicare for the same procedure. They were all reasonably close but the were not the same. The one I eventually went to was the lowest one in the immediate area, who was also the only doctor who was a white guy and not a foreigner.

Ended up costing around $2700 total after insurance (insurance paid nothing) for one eye for a monofocal lens set for distance. That was what I had figured, and it was cheaper than paying the increased premium for a better insurance policy with a lower deductible.
14   zzyzzx   2026 Jan 27, 8:13am  

Patrick says

How do we get those millions to demand it?

Twitter/X and get everyone to mention it.

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