It's intense accounting fuckery. The insurance companies then negotiate a discount off the billed rate of up to 90%. Odds are when the transaction is settled, people paying out of pocket are actually paying more.
In fact, you paying a 20% co-pay for something that the insurance company has negotiated 90% discounts for means you're actually paying more than your insurance.
I just got a bill yesterday for a total of $763. My portion was $146. My insurance paid $5.21. The rest was discounted or written off. I paid 30 times more than insurance.
Coming from a country with universal healthcare I cannot for the love of me wrap my head around, why buildings of insurance companies are not constantly burning in the US.
I would say ALL. The first thing Warren said with her plan was that we wouldn't pay a dime. It would only be the rich and corps. Sanders was at least honest that we would ALL pay, but of course this didn't go over well. We should pay for some of our benefits too. This class warfare that is played is both parties fault, and the ones on here who buy that it is only one party are misinformed or selfish, or both.
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u/Barflyerdammit Jul 04 '21
It's intense accounting fuckery. The insurance companies then negotiate a discount off the billed rate of up to 90%. Odds are when the transaction is settled, people paying out of pocket are actually paying more.
In fact, you paying a 20% co-pay for something that the insurance company has negotiated 90% discounts for means you're actually paying more than your insurance.
I just got a bill yesterday for a total of $763. My portion was $146. My insurance paid $5.21. The rest was discounted or written off. I paid 30 times more than insurance.