Paying for health insurance
Going Fulltime and paying for health insurance because of young age, who else pays for health insurance? We plan to domicile in FL. What are the providers being used?
Forum Discussion
Big Katuna wrote:My gripe is Medicare pays about 15 cents on the dollar for the rack rate billing.
Single payer (think Medicare) can work as it mostly eliminates greedy costly insurance companies and it controls costs as now you have a large group that can dictate what the greedy medical industry will be paid.
And providers will line up like they do for Medicare.
The present system is broken.
Hospital stay $15,000
Medicare pays agreed rate of $1,800
Co-pay maybe $400
I have seen this frequently over several years taking care of DM.
The rest is overcharges getting written off. Who can afford the rack rate? Only an insurance company can because of negotiated prices. Individuals are doomed with this system.
Regulation is the answer IMO. ALL prices should be no more than 20 percent higher than lowest negotiated price such as Medicare agreed value.
Good luck to the OP with insurance. I will be out of the rat race before 65 and contemplating the same thing.
