Originally Posted by Mutt

I was trying to tell somebody your explanation of how the American medical insurance racket runs but I don't think I totally understood it. You were in a major car accident, had no medical insurance and at the end of your hospitalization you were stuck with one of these crazy bills where aspirins are billed at 10 bucks apiece so your bill was well into six figures - right? And then you made a deal with them for a fraction of the bill and they explained that's how the racket works, that nobody really pays these huge bills. Right?

So what I don't understand is what's the point of the wildly inflated bills? I think you said the insurance company writes off the difference between what the bill was and what you actually paid as a loss.

I just can't believe that is standard operating procedure, if it was so I'd expect there'd be a ton of liberal politicians and media exposing this.