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Why we need fixed prices for medical services

By Patrick follow Patrick   2020 Aug 1, 9:46am 71 views   1 comments   watch   nsfw   quote   share    


How a $175 COVID-19 Test Led to $2,479 in Charges

A global pandemic ravaging America is no time to forget the first rule of American health care: There is no set price. One out-of-network medical provider in Texas seeks permission from patients to charge fees as high as six-figures to their insurance. ...

The more she read, the more annoyed de Cordova became. SignatureCare charges a “facility fee” for treatment, the document said, ranging “between five hundred dollars and one hundred thousand dollars.” Another charge, the “observation fee,” could range from $1,000 to $100,000.

De Cordova didn’t think her fees for the test could rise into the six figures. But SignatureCare was giving itself leeway to charge almost any amount to her insurance plan — and she could be on the hook. She knew she couldn’t sign the document. But that created a problem: She still needed to get her test results.

Even in a public health emergency, what could be considered the first rule of American health care is still in effect: There is no set price. Medical providers often inflate their charges and then give discounts to insurance plans that sign contracts with them. Out-of-network insurers and their members are often left to pay the full tab or whatever discount they can negotiate after the fact.

Presenting the full complete bill in advance of non-emergency treatment should be mandatory.

And all emergency or non-optional treatment should have fixed prices set by law.
1   TrumpingTits   ignore (4)   2020 Aug 3, 6:35am     ↓ dislike (0)   quote   flag      

Don't you mean, Why we need fully disclosed prices for medical services. Fixed prices means price fixing and/or price controls, after all.

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