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Second Thought | Why American healthcare is the worst in the developed world

Second Thought | Why American healthcare is the worst in the developed world

(10:21) The US health system works exactly how it is supposed to - for profit.
Second Thought YT channel Apr 17, 2020

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Guest: (114 days ago)

The first lady showing her bill and says she was charged 3 million for her healthcare doesn't understand the billing.  The full retail price of the services was billed at $3,174,950, but the healthcare provider accepts only  $91,515 for their services.  Since she has a negotiated rate from her insurance company and used doctors in her network, the final price was only  $1,240.  Amount written off and that she does not have to pay: $3,171,897.

Blue Cross/Blue Shield is still non-profit they still pay federal, state, and local taxes in many jurisdictions.  With insurance, it’s difficult to predict what your expenses will be so it’s possible for them to accidentally make a profit at the end of the year.  In those cases, there’s a profit conversion where a distribution of assets go to a charitable foundation.

Nobody pays $600 for an epipen, If you don’t have insurance to negotiate the price, you use the $300 savings card from their website here:  epipen dot com/hcp/about-epipen-and- generic/help-your-patient s-save. Epipen is a brand name product and you can get the generic "epinephrine" and there are several options such as Auvi-Q who says "$0 copay for insured patients and for families with income of less than $100,000/year without insurance. One prescription includes two auto-injectors."

Original comment

The first lady showing her bill and says she was charged 3 million for her healthcare doesn't understand the billing.  The full retail price of the services was billed at $3,174,950, but the healthcare provider accepts only  $91,515 for their services.  Since she has a negotiated rate from her insurance company and used doctors in her network, the final price was only  $1,240.  Amount written off and that she does not have to pay: $3,171,897.

Blue Cross/Blue Shield is still non-profit they still pay federal, state, and local taxes in many jurisdictions.  With insurance, it’s difficult to predict what your expenses will be so it’s possible for them to accidentally make a profit at the end of the year.  In those cases, there’s a profit conversion where a distribution of assets go to a charitable foundation.

Nobody pays $600 for an epipen, If you don’t have insurance to negotiate the price, you use the $300 savings card from their website here:  epipen dot com/hcp/about-epipen-and- generic/help-your-patient s-save. Epipen is a brand name product and you can get the generic "epinephrine" and there are several options such as Auvi-Q who says "$0 copay for insured patients and for families with income of less than $100,000/year without insurance. One prescription includes two auto-injectors."

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Guest: (114 days ago)

You should pay more attention.  The first lady didn't say SHE was charged 3 million.  She said ""They billed our insurance company over 3 million dollars for the cost of transplant."  That is obviously correct.

As for the epipen, can you give us a source that shows "Nobody pays $600 for an epipen"?  You can't necessarily use the $300 savings card.  There are lots of eligibility criteria including "This program is not valid for uninsured patients".  Great!

So why the misinformation? 

Original comment

You should pay more attention.  The first lady didn't say SHE was charged 3 million.  She said ""They billed our insurance company over 3 million dollars for the cost of transplant."  That is obviously correct.

As for the epipen, can you give us a source that shows "Nobody pays $600 for an epipen"?  You can't necessarily use the $300 savings card.  There are lots of eligibility criteria including "This program is not valid for uninsured patients".  Great!

So why the misinformation? 

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Guest: (113 days ago)

If I worked with a roofing company and negotiated a deal with them to re-roof my house for $15,000, they can bill me a billion dollars after the job is done and it doesn't matter to me.  I pre-negotiated a rate of $15,000 for the job and that's all I'm obligated to pay and that's all I'm going to pay.  

Original comment

If I worked with a roofing company and negotiated a deal with them to re-roof my house for $15,000, they can bill me a billion dollars after the job is done and it doesn't matter to me.  I pre-negotiated a rate of $15,000 for the job and that's all I'm obligated to pay and that's all I'm going to pay.  

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Guest: (113 days ago)
Latest comment:

First you said she claimed she was billed 3 million.  Now you accept it was her insurance company not her, just as she said, so therefore it doesn't matter.

If your roof cost you $15K and the remaining $999,985,000 was charged to your insurance company, that should matter to you because premiums are going to go up.  

You never answered... why are you spreading misinformation?  I don't know why you'd like about stuff like ths.

Original comment
Latest comment:

First you said she claimed she was billed 3 million.  Now you accept it was her insurance company not her, just as she said, so therefore it doesn't matter.

If your roof cost you $15K and the remaining $999,985,000 was charged to your insurance company, that should matter to you because premiums are going to go up.  

You never answered... why are you spreading misinformation?  I don't know why you'd like about stuff like ths.

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