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A comment on Ivy League Prices Are Pushing $90k a Year. Parent comment

Re:Ivy League Prices Are Pushing $90k a Year by sl-dolt on Tuesday March 28, 2023 @05:08PM (#35347865)
This is basically what health insurance companies do. They want higher billed rates from hospitals so that they can offer better "discounts." In reality, no one pays the billed rates.
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Re:Ivy League Prices Are Pushing $90k a Year by Arrath on Tuesday March 28, 2023 @05:10PM (#35347894)
I get irrationally angry when I get my insurance statements for routine stuff.

Doctor billed: $1500 Insurance allowed: $125 Insurance paid: $75 Your copay: $50

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Re:Ivy League Prices Are Pushing $90k a Year by red-iron-pine on Wednesday March 29, 2023 @10:17AM (#35357636)
Obfuscating how that process works is a huge problem. It's how they extract lots of value out of the consumer, and why Americans pay more than most socialized medical systems while having on-par or worse outcomes.

Take a look at the list of Fortune 500 companies and notice how many are healthcare related. There is a reason it's never going to get better.

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Re:Ivy League Prices Are Pushing $90k a Year by SentinelLdnma on Tuesday March 28, 2023 @09:05PM (#35350607)
See also, protection racket [0]

[0] https://en.wikipedia.org/wiki/Protection_racket

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Re:Ivy League Prices Are Pushing $90k a Year by mindslight on Tuesday March 28, 2023 @05:25PM (#35348117)
Irrational? You're angry because they're trying to mislead you into thinking that "insurance" is covering 97% of a large bill. When in reality, they're only covering 60% of a small bill.
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