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Coffee Shop
The Medical Scam
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<blockquote data-quote="JMJ Farms" data-source="post: 1325471" data-attributes="member: 24583"><p>Exactly right Butch. My dad was a hospital CFO for many years. He told me 20 years ago that Medicaid and Medicare had started "telling" the hospital how much they were gonna pay. He said it's only a matter of time before these other insurance companies say "if Medicaid and Medicare can do it, so can we". And he was right. </p><p></p><p>Doesn't make it right, but the hospitals have to jack up the prices in order to try and compensate for these "negotiations" bc running a hospital is still a business. If they can't at least break even then they've got to close. If they are privately owned, then they've pretty much got to turn a profit, or be closed. Sad. But it is what it is.</p></blockquote><p></p>
[QUOTE="JMJ Farms, post: 1325471, member: 24583"] Exactly right Butch. My dad was a hospital CFO for many years. He told me 20 years ago that Medicaid and Medicare had started "telling" the hospital how much they were gonna pay. He said it's only a matter of time before these other insurance companies say "if Medicaid and Medicare can do it, so can we". And he was right. Doesn't make it right, but the hospitals have to jack up the prices in order to try and compensate for these "negotiations" bc running a hospital is still a business. If they can't at least break even then they've got to close. If they are privately owned, then they've pretty much got to turn a profit, or be closed. Sad. But it is what it is. [/QUOTE]
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