“People without insurance, on average, are being charged 3 times what insurance companies pay. When the uninsured patients can’t or don’t pay, the balance is written off and the tax liability is reduced. Some uninsured people try to raise the funds, and it breaks my heart that they go bankrupt trying to pay these debts. If you’re ever uninsured and wind up with a huge hospital bill, go negotiate with the hospital CFO for a 66% reduction in the bill. Use the government data (link here) as leverage in negotiating with the CFO. Threaten to expose the racket and I bet the CFO will write down your bill to keep you quiet.”
http://www.economicpolicyjournal.com/2013/05/the-truth-about-fake-hospital-pricing.html
Related posts:
Oklahoma Doctors vs. Obamacare
Mission Accomplished: China Gets Half of Iraq’s Oil.
The co-conspirators in military mass shootings
The Erratic Ben Bernanke Money Printing Adventure is Slowing Again
US Expropriates, Imprisons Bitcoin Trader For Carrying Cash in a Trader Joe's Sack
The first Bitcoin based bank in Cyprus is coming!
Expulsion of Olympic Athlete for Marijuana Raises Questions
itBit Launches Bitcoin Exchange with $5.5M in Funding
Secret Bitcoin mining code added to e-sports software sparks outrage
First Amendment lawyer: ‘It is a terrible time to be a journalist’
Meet “badBIOS,” the mysterious malware that jumps airgaps
Facebook Approves Dogecoin Tipping App
New trust wants to protect digital Bitcoins like physical gold: In vaults
The Last Mystery of the Financial Crisis
Scott Brown’s brother arrested with weapons arsenal after impersonating officer and commandeering bo...