#54580 Nov 25, 2013
Obamacare has nothing to do with rising healthcare costs,it's been going on for years and years!!!
The Great American Hospital Pricing Scam Exposed-We Now Know Why Healthcare Costs Are So Artificially High:
It is no longer that simple as hospitals now artificially raise their rate card charges as a part of the negotiation process they enter into with private, for-profit health insurers.
When the dance between hospitals and health insurers began, if a hospital’s actual cost plus reasonable profit totaled $1,000 for a given procedure and the insurer demanded a 50 percent discount, the hospitals simply negotiated towards doubling the price from $1,000 to $2,000 in order to make it all work out. But over time, hospitals began to include other charges into the cost of a procedure, including their unpaid collectibles from patients who were uninsured and could not pay, losses in unrelated hospital divisions, inefficiency in how the hospital was being operated, etc. As time has progressed, this approach has grown so out of hand that any rational explanation for pricing no longer appears to exist.
Who pays for this?
If you are insured, you are paying for these inexplicable charges through the ever-rising cost of your insurance premiums. And if you are one of the unfortunate millions of Americans who has no health insurance, you are being charged at these shamefully inflated rate card prices—virtually guaranteeing financial ruin should the uninsured experience an illness and become obligated to pay at full, rate card price.
Can there be any economic explanation for this vast chasm between the rate card charges from one hospital to the next?
Certainly, there are explanations as to why costs might be higher in one region of the country than another. Labor rates vary from region to region as can real estate prices to acquire the land and building for a hospital. One can also understand how treatment by a highly regarded physician or staff, or a hospital with dramatically higher success rates, would create price variances
So, is this information proof positive of the benefits of consumer driven healthcare? Now that we see these ridiculous disparities, will consumers of healthcare be motivated to avoid hospitals that are charging grossly inflated prices in favor of lower-cost facilities, forcing the more expensive providers to lower their prices in order to compete?
Maybe. But today’s news is hardly going to come as a surprise to the private health insurance companies who have been complicit in this charade for so many years. Do we not have to ask why these companies would have allowed this insanity to happen? Certainly, the private insurers have more than adequate leverage in their negotiations as no hospital could hope to survive without negotiated agreements with the largest health insurance companies.
#54581 Nov 25, 2013
Just ask anyone without health insurance who has racked up a bill at the hospital only to be hounded into bankruptcy by incredibly aggressive collection agencies acting on behalf of the hospitals. Or ask someone who is uninsured and was required to pay up in full before the hospital was willing to provide life-saving medical care only to be denied treatment when they couldn’t produce the cash.
If you want to know why healthcare costs are so much more in America than other nations—while delivering care that is statistically no better in many instances—today’s data provides you with what is likely the most significant piece of the answers you seek.
#54582 Nov 25, 2013
So in other words, if you are uninsured, you better get some healthcare,or pay the fine, if you choose to pay the fine,you still have no healthcare and hope you dont get real sick and end up with a 80K hospital bill or else you might file for bankruptcy and lose your home.....
Next the government will tell you that you need car insurance incase you get into a wreck and kill someone ( Opps! They already have that law !)and guess what you can shop around for car insurance anywhere !! How about that!
#54583 Nov 25, 2013
Would you pay 90K for a car when the same car would be 30K just a short drive of just 15 miles away?
Why is this true for services rendered in different hospitals only miles apart?
From 99K down to 7K, How can that be for the very same exact procedure from one hospital to another jst miles away? Is the system messed up or just fuzzy math? Must be Obamacare !!!!
The BIG price differences for the same procedure?
Why is this, must be Obamacare !!
Thanks Barack !
Take a peek here:
#54584 Nov 25, 2013
Hospital costs are rising because CEOs overpaid:
If you are going to address the high cost of health care, start by completely altering the delivery system. There is a serious problem when you have people in your community with no health care. You have moms with sick children who can’t afford to take their child to a hospital. We have people living in the streets of our communities while one health care system takes out millions of dollars to pay top salaries. And people wonder why health care costs have risen? When one CEO gives himself a 50 percent pay raise and earns multimillions, you wonder why health care costs have risen. Health care costs are rising because CEOs are paying themselves more and charging the public higher prices. Board members of health care corporations rubber-stamp everything because they were appointed to the board by the CEO. To control health care costs, start by changing the delivery system. Cap CEO pay. Limit boards to three years and boot them out. This is what reforms should address.
Read more here: http://www.theolympian.com/2013/05/20/2551670...
#54585 Nov 25, 2013
55 more hospitals settle in kyphoplasty overpayment cases
Fifty-five hospitals announced settlements totaling $34 million in the long-running whistle-blower lawsuit that alleges that the maker of spinal-surgery equipment coached healthcare providers on ways to maximize revenue by overbilling Medicare.
More than 100 hospitals have now settled overpayment cases involving kyphoplasty, a surgical procedure in which an inflatable tube is used to create a cavity of air inside a compressed vertebra and then filled with cement to strengthen the bone. In many cases, kyphoplasty can be done on a same-day outpatient basis, but equipment-maker Kyphon is accused of encouraging hospitals to keep patients overnight to increase Medicare reimbursement.
Hospitals have now paid about $75 million in False Claims Act settlements to resolve the cases. In addition, Medtronic Spine, which acquired Kyphon in 2007 for $3.9 billion, paid $75 million the year after the acquisition to settle the allegations.
None of the hospitals, nor the makers of the devices, have admitted the wrongdoing alleged by two former Kyphon employees in a 2005 False Claims complaint.
The 55 hospital settlements announced Tuesday were drawn from 21 states, and included 23 hospitals owned by for-profit chain HCA that are paying a collective $7.1 million. Five hospitals operated by not-for-profit Trinity Health are paying $3.9 million.
The individual settlements ranged from $552,000 to more than $4 million. The largest single-hospital settlement announced Tuesday was for $4.2 million from Atrium Medical Center in Middletown, Ohio. A full list of the hospitals that settled was posted on the U.S. Justice Department's website.
Damn that Obamacare for high insurance costs !!!!!!!!!
Take a peek here:
#54586 Nov 25, 2013
Revealing how irrelevant market forces are to the U.S. health care system, the Obama administration last week released data on how much hospitals charge for the 100 most common inpatient procedures billed to Medicare. The numbers show the hospitals charge Medicare wildly varying amounts—often 10 to 20 times the amount Medicare actually reimburses—that bear little relation to the actual costs of providing care. The database--which includes claims filed in fiscal year 2011--holds 163,065 individual charges made at 3,337 hospitals located in 306 metropolitan areas.
The worst overcharging hospital was Bayonne Medical Center in New Jersey, which charged the highest amounts for almost one-quarter of the treatments. Bayonne Medical typically charged $99,689 for treating a case of chronic obstructive pulmonary disease (COPD), 5.5 times more than other hospitals and 17.5 times more than Medicare paid in reimbursement. Neither Bayonne's costs nor its outcomes justified such a price premium. Even within the same metropolitan area, hospitals charge prices that differ enormously from one another, with Bayonne charging $155,769 for major joint replacement surgery, more than nine times the price at Lincoln Medical and Mental Health Center in the Bronx.
As Jonathan Blum, Deputy Administrator and Director for the Center of Medicare at the Centers for Medicare and Medicaid Services, explains,“Our purpose for posting this information is to shine a much stronger light on these practices. What drives some hospitals to have significantly higher charges than their geographic peers? I don't think anyone here has come up with a good economic argument.”
As health care economists have long pointed out, the fact that most Americans have health care coverage that insulates them from health care costs means that price has little real meaning. Neither Medicare, nor Medicaid, nor private insurance actually pay the amounts listed on a hospital bill, instead using systems of standardized payments for treating specific conditions. Despite their unreality, hospital list prices help determine the level of those standardized payments, and in turn the level of insurance premiums paid by consumers.
Thanks Obama for the high cost of health insurance !!
#54587 Nov 25, 2013
Here's how hospitals mark up saline solution by 1,000%
Few things are more common in a hospital setting than a bag of saline solution, used to administer medicines via intravenous (IV) delivery. They cost hospitals $1 to $5. The price listed on a hospital bill is frequently more like $100 to $500.
The New York Times' Nina Bernstein followed several victims of a May 2012 case of food poisoning that took place in Carmel, N.Y.
According to the report, hospital charges for IV therapy ranged from $91 to $787, even in cases where the hospital billed separately for items like administering the IV and emergency room services.
At White Plains Hospital, for example, one patient's bill showed a $91 charge for a unit of saline solution that cost the hospital 86 cents, according to the Times. Another bill included $546 for six liters of saline that cost the same hospital $5.16.
Thanks Obama for raising the cost of healthcare !!!
#54589 Nov 26, 2013
Its the redistribution of your insanity that's at work here....a world where facts and the truth are just innocent bystanders waiting to get run over by an 18 wheeler driven by you and that ever lovin Jimmy D-mint.
#54590 Nov 26, 2013
Obamacare is a complete disaster. How can anyone defend this waste of money? With the cost affecting the poor negatively, it literally makes the poor, poorer
#54596 Nov 26, 2013
BHO nutjuice is the best. It is organic and free range.
#54598 Nov 26, 2013
your dripping lips should know
#54599 Nov 26, 2013
he's the president he can take as long as he wants too....just keep slurping up that glenn beck nut juice
#54600 Nov 26, 2013
Wanna sample some of this spooge via a kiss?
#54607 Nov 26, 2013
Corbett approaching single digit approval numbers/ratings.
A special shout out to the faux Republican con servative legislature who aided and abetted Tommy Boy with the Transportation bill.
Tommy Boy's ratings are so bad he is trailing an UN-NAMED Democratic opponent.
It shouldn't be funny and is sadder than Democratic control at this point.
#54608 Nov 26, 2013
President Obama, June 28, 2012:
First, if you're one of the more than 250 million Americans who already have health insurance, you will keep your health insurance
— this law will only make it more secure and more affordable.
Smoke Filled BackRoom
#54609 Nov 26, 2013
White House web page, accessed Nov. 11, 2013:
If you like your plan you can keep it and you don't have to change a thing due to the health care law.
The President addressed concerns from Americans who have received letters of policy cancellations or changes from their insurance companies in an interview with NBC News, watch the video or read a transcript.
(Source: White House website.)
#54610 Nov 26, 2013
Obama Care will implode or take care of itself(implode). I am more worried about the con servatives in Pennsylvania and not California. I get gas weekly. I don't have to pay an insurance or doctor bill weekly.
The taxes I will have to pay in PA due to faux Republican con servatives will suck more money out of my pocket every time I get gas, renew my drivers license, registration, get a copy of any motor vehicle document, A lot of these cost will at least double. Even tickets which I cannot get fixed or not written like a politician will double in the cost of fines. State useless car inspections will increase.
Don't get distracted by national issues. States and municipalities will sneak in something worse.
A governor like Tommy Boy Corbett is destroying true conservatives in Pennsylvania and the tax and spend Democrats that will take his & the legislature's place will be far more troubling than Obama Care. Corbett can bring down the national congressional and senate candidates as well because many will vote one party across the board just to get Corbett and legislatures out.
#54611 Nov 26, 2013
Are trying to distract from Tom Corbett and the havoc he and the faux Republicans are raising in Pennsylvania? A troll? A shill? Hardline Republican who can't handle any criticism? I'm a conservative I can't wait to get the current crop of Republicans OUT.
#54612 Nov 26, 2013
Pennsylvania Republican legislatures and governor did what state Democrats could not.
Highest Gas Tax in the COUNTRY.
It's not 'may' it now IS.
Establishment politicians in any party can do a lot of damage.
Time for a third party or even a Democrat or Two in Pennsylvania.
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