How Hospitals and Health Insurers Collude at Your Expense

[Sam1]

Bookies call it the “vig,” insurers call it a “PPO Repricing Fee”

You’ve made your money and you’ve left your skid marks on the world. Now you want to fulfill one of your teenage fantasies – owning a red ’57 Chevy (forget the other fantasies – those women are by now all either deceased or decrepit).

I’m a car broker. You hire me to find your dream car, and I get 20% of any savings I can negotiate.

Seller #1 has the car you want. Asking price is $60,000, and I get him down to $55,000.

Seller #2 has the same car in much better condition for $54,000, but he won’t budge on the price.

Which car will you end up with?

http://wolfstreet.com/2014/09/16/how-hospitals-and-health-insurers-collude-to-keep-prices-high/

[Doctor_J]

1. But the ACA is going to clean up the industry and save us all money!

These bookies/robbers/middlemen are now part of the government. A permanent monument to the president's legacy of "change".

A hearty to those of you who are happy about this

[area51]

2. +1

We need single-payer.