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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThere is something missing in talking about ObamaCare and I think it is relevant.
These comments were found on the ObamaDiary.com
By Japa:
There is something missing in talking about ObamaCare and I think it is relevant. I am talking about actual cost of healthcare to consumers from a different perspective. In the actual post it talks about a bronze plan, which would cover 60% of charges. Now people might think that 40% is still a lot to pay, but we need to look at the baseline.
Lets say a person has a $10,000 hospital bill, which isnt hard to rack up nowadays, if they are uninsured. So they owe $10,000, right. Now lets say they have the bronze coverage which pays at 60%. So they owe $4,000, right? Wrong.
All the payers have contracts with the different facilities and, in general, those contracts will average from 40%-50% below that regular billed charge. So that $10,000 bill is now reduced to (at the higher end) $6,000. After payment of 60% the individual has a bill for $2,400, significantly less that the $4,000 they might think they would owe.
As the plan level increases, the amount due shrinks drastically.
What does all this mean? The overall cost of health care shrinks as well.
The same applies to doctor visits and a whole host of other services, including prescriptions. And this last is very important.
Because, for the noninsured, prescriptions can be too costly, they do not buy them, which actually, over time, significantly increases cost of care, as well as other things, such as lost work time, loss of productivity, reduced income, therefore reduced money going into the economy.
These are the types of things that I dont hear being discussed a lot.
http://theobamadiary.com/
TreasonousBastard
(43,049 posts)anything this new and this big will have a lot of surprises in it.
Hopefully, most of the surprises will be welcome ones.
postulater
(5,075 posts)"Self-Pay Patients: All Self-Pay patients and patients who present without proof of insurance are required to pay $500 in cash, money order or credit card at the time of the service and set up payment arrangements with our Patient Accounts Department."
Yikes, first visit to see the surgeon - $500.