Comments on: Dealing with Medical Bills http://www.debtreductionformula.com/blog/progress-update-dealing-with-medical-bills/ Reduce Expenses + Increase Income + Discipline = Get Out of Debt Fri, 05 Mar 2010 09:37:31 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Ryan Healy http://www.debtreductionformula.com/blog/progress-update-dealing-with-medical-bills/comment-page-1/#comment-4669 Ryan Healy Wed, 20 Feb 2008 03:48:00 +0000 http://www.debtreductionformula.com/blog/progress-update-dealing-with-medical-bills/#comment-4669 Hi Becky - Thank you for the compliment. It makes sense. Insurance is the biggest middle man to ever exist in any industry. Say you have a routine operation that might normally cost $1,000. You could just pay your doctor directly and be done with it. Or you could pay insurance $1,500, and they'll pay the doctor his $1,000. For insurance to survive, they must charge a premium. That's just the way it works. I personally think health insurance is one of the biggest nightmares to deal with. It should be only for catastrophic events. But Americans have demanded that health insurance pay for everything. Why would they demand this? Because they want something for nothing. Whenever they get sick or have the slightest medical issues, they don't want to pay the bill... they want their neighbor to pay it for them. Eventually, the system breaks down. Think about it from a doctor's perspective. If I pay him cash, the deal is done. But if he has to hire a team of secretaries to spend 8 hours a day on the phone filing insurance claims, then he HAS to charge more just to cover his costs. Fortunately, this isn't a health insurance blog, so you won't have to listen to my rants about it anymore. ;-) Hi Becky – Thank you for the compliment.

It makes sense. Insurance is the biggest middle man to ever exist in any industry.

Say you have a routine operation that might normally cost $1,000. You could just pay your doctor directly and be done with it. Or you could pay insurance $1,500, and they’ll pay the doctor his $1,000.

For insurance to survive, they must charge a premium. That’s just the way it works.

I personally think health insurance is one of the biggest nightmares to deal with. It should be only for catastrophic events. But Americans have demanded that health insurance pay for everything.

Why would they demand this?

Because they want something for nothing. Whenever they get sick or have the slightest medical issues, they don’t want to pay the bill… they want their neighbor to pay it for them.

Eventually, the system breaks down.

Think about it from a doctor’s perspective. If I pay him cash, the deal is done. But if he has to hire a team of secretaries to spend 8 hours a day on the phone filing insurance claims, then he HAS to charge more just to cover his costs.

Fortunately, this isn’t a health insurance blog, so you won’t have to listen to my rants about it anymore. ;-)

]]> By: Becky http://www.debtreductionformula.com/blog/progress-update-dealing-with-medical-bills/comment-page-1/#comment-4652 Becky Wed, 20 Feb 2008 00:25:39 +0000 http://www.debtreductionformula.com/blog/progress-update-dealing-with-medical-bills/#comment-4652 Excellent story! I had no idea that hospitals charge MORE if you have insurance. Craziness! Excellent story! I had no idea that hospitals charge MORE if you have insurance. Craziness!

]]>