38 minutes ago
Tuesday, October 18, 2016
Misses a lot...
1. Manufacturer price does not include shipping, delivery, inventory, staff costs, etc., which the hospital still has to pay.
2. Medicare pays about 60%, and Medicaid maybe 40% of the hospital's cost, not their asking price. And the hospital isn't permitted to deny service to those who can't pay even that much.
3. Those of us who are either responsible enough to budget for medical care (doable for most, even on minimum wage, with a bit of prioritizing needs over wants), or lucky enough to have a job that has decent health care insurance, are stuck footing the bills for everyone else.