6102 () posted 103 days ago by This_Is_TDWin 103 days ago by This_Is_TDWin +6104 / -2 205 comments share 205 comments share save hide report block hide child comments Comments (205) sorted by: top new old worst You're viewing a single comment thread. View all comments, or full comment thread. ▲ 66 ▼ – MoldyLocksNesMonste 66 points 103 days ago +66 / -0 Imagine going to a store to purchase a bottle of aspirin. No one at the store can tell you how much it costs. Not even the cashier. But you can buy it, and in a few weeks you get a bill. When the bill comes, the bottle of aspirin is 400 dollars. Had you know the cost, you likely would have purchased it somewhere else. This is the current state of the medical system in the US. permalink save report block reply ▲ 54 ▼ – Sumarongi 54 points 103 days ago +54 / -0 It’s even more than that. Bottle of aspirin costs the store(hospital) $10 Hospital bills insurance $1000 for bottle of Aspirin Insurance pays hospital $100 for bottle of Aspirin, charges customer $400 ‘co-pay’ Hospital takes ‘loss’ of $900 on accounting and taxes (but in reality made 90$ tax free, 90% profit) Insurance makes $300 risk free premium off customer co-pay This is the modern medical insurance fraud permalink parent save report block reply ▲ 21 ▼ – deleted 21 points 103 days ago +21 / -0 ▲ 13 ▼ – MoldyLocksNesMonste 13 points 103 days ago +13 / -0 Then 0 came along and made it if you didn't buy into the scam, you'd be penalized on your taxes. permalink parent save report block reply ▲ 8 ▼ – paganbutterchurner 8 points 103 days ago +8 / -0 Damn. Sexy break down of the issue. Thank you , makes sense to a lay person like me. permalink parent save report block reply ▲ 4 ▼ – Thump99WudLegPede 4 points 103 days ago +4 / -0 Thank you! I recognized a game of 3 card monty when I saw it, but didn't know the basics of how it was done. permalink parent save report block reply ▲ 1 ▼ – Phil_DeGraves 1 point 103 days ago +1 / -0 Awesome synopsis, thanks. permalink parent save report block reply ▲ 1 ▼ – deleted 1 point 103 days ago +1 / -0
Imagine going to a store to purchase a bottle of aspirin.
No one at the store can tell you how much it costs. Not even the cashier. But you can buy it, and in a few weeks you get a bill.
When the bill comes, the bottle of aspirin is 400 dollars.
Had you know the cost, you likely would have purchased it somewhere else.
This is the current state of the medical system in the US.
It’s even more than that.
Bottle of aspirin costs the store(hospital) $10
Hospital bills insurance $1000 for bottle of Aspirin
Insurance pays hospital $100 for bottle of Aspirin, charges customer $400 ‘co-pay’
Hospital takes ‘loss’ of $900 on accounting and taxes (but in reality made 90$ tax free, 90% profit)
Insurance makes $300 risk free premium off customer co-pay
This is the modern medical insurance fraud
Then 0 came along and made it if you didn't buy into the scam, you'd be penalized on your taxes.
Damn. Sexy break down of the issue. Thank you , makes sense to a lay person like me.
Thank you! I recognized a game of 3 card monty when I saw it, but didn't know the basics of how it was done.
Awesome synopsis, thanks.