- Jun 27, 2016
- Reaction score
That amount doesn't surprise me. The way health care pricing is done is to coerce people into the health insurance market by having obscene charges if you don't have it. When it comes to the uninsured, the pricing of the services comes from the specific hospital's ChargeMaster. The prices are very high. The costs of the uninsured are passed on to either the state (in this case, North Carolina) via a back-dated Medicaid application or the uninsured/catastrophic fund or back through charges added on to insurance companies for insured individuals or a combination of those.http://www.newsobserver.com/news/local/crime/article207677239.html
Boyd was being treated at WakeMed from March 17-19, and her care cost $136,428.47, according to an arrest warrant. Boyd, initially known only as Jane Doe to hospital officials, told them her name was Jessie Brown, police charged.
How is this cost possible?!?! That's obscene.
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For example, when my daughter was born the bill to the insurance company was not only the charges incurred for my daughter but a 110 percent add-on charge to pay into the uninsured fund for the state in order to pay for a future uninsured person needing the same services.
Typically with health insurance the amount charged to the insurance company would be only 20 to 25 percent of the amount you would see in the ChargeMaster with the insured person only responsible for their deductible and maximum annual out of pocket cost. Medicaid, Medicare, and private insurance companies all have negotiated rates for each service they cover - effectively this is the Charge Master for Medicaid/Medicare/insurance company that the hospital agrees to accept. If you go out-of-network or have a service performed that your insurance does not cover you will be charged that specific hospital's ChargeMaster rate.
Most bankruptcies that are caused by health care costs can be directly attributed to this pricing system.