Quote:
Originally Posted by Barry-xlovecam
Well, say he qualified for subsidised insurance (he would), the insurance would pay for most of the expense. Hospitals bill you for the deductibles. A $5,000 debt is manageable in most cases. The hospital does not ask for the $5,000 (theoretical) deductible while you bleed out on a hospital gurney.
Maybe he could sell that POS Jeep for $2,500 and get 1/2 the deductible paid off :D
There are options.
One thing you can be sure of he's not going to pay that $240K bill. He hasn't the means to.
So, the taxpayer gets stuck reimbursing the hospital -- the hospital gets 1/2 the insurance contract rate: in the final analysis someone pays. The patient goes bankrupt to avoid the debt. It's a lose-lose-lose financially -- there are no winners only losers.
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The Hospital doesn't really lose much if anything. It never really cost that $240k. Anything they claim to of lost gets written up as a tax deduction hence the reason hospitals always claim to be losing money. Hospitals are a business and most are not "non-profit" yet in most places they stay in business year after year..
Claiming the loss on the extremely padded bill is all part of the game.