Why Tax Credits for Health Insurance Won't Work [View article]
What do airline passengers and hospital patients have in common? Everyone in the same class gets the same service but what they pay is vastly different. A lab test gets billed for $40. The lab's contract with my insurance says they only get $10. Insurance pays $8 and I pay $2. If you have no insurance, you pay the full $40. So what you are billed is probably inversely proportional to what you can pay.
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What do airline passengers and hospital patients have in common? Everyone in the same class gets the same service but what they pay is vastly different. A lab test gets billed for $40. The lab's contract with my insurance says they only get $10. Insurance pays $8 and I pay $2. If you have no insurance, you pay the full $40. So what you are billed is probably inversely proportional to what you can pay.
Jun 15 13:05 pm
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