@MyLordBebo She’s a dermatologist who was performing plastic surgery. I remember when this went down. Best story was when a pt went in for outpt liposuction and instead awoke from anesthesia the next day in a random hotel with a half eaten chicken sandwich in their hand.
@mcuban If only you knew a software expert that could write a program to scour all the cryptic hospital csv/excel files to analyze icd 10 and cpt codes and spit out a lamens legible quote? Or we could just wait on the government to do it.🤷♂️
@DavidSacks As long as consumption fueled by credit is part of gdp equation we can never trust these numbers. Credit card, school loan, and mortgage delinquency rates all climbing. Headed in right direction but * present.
@chamath Thanks for addressing the ACA and the inflationary 85:15 Cost + contract. If you dive deeper you’ll see that the insurers purchased pbm’s to exploit both the 85% and 15% components. One hand passes to the other while US businesses and the taxpayer keep feeding the grift. FTC MIA
@mcuban@DrDiGiorgio You’re treating it as though these high deductibles and premiums are static. However, as you know from Cost + the market is dynamic. When people become buyers the hospitals and insurers will have to follow market dynamics and prices will decrease.
@realdocspeaks Also, to suggest any nonprofit hospital runs well is laughable. They are a biz that pays no tax, receives fed subsidies, get inflated reimbursements, discounted drugs, and still are barely in the black. A lemonade stand run by a 10 yo is more respectable.
@realdocspeaks I would endorse the opposite. The questionable ethics taught in business school(ie. Caveat emptor) have NO place in medicine. Also, quite honestly a private practice MD can eat most MBA’s for breakfast when it comes to competency.
@WallStreetApes This is a 3 card monty racket perpetuated by the hospitals and insurance companies. EOB Prices aren’t real. They exist to scare you into buying insurance. If real prices were listed the value prop of insur would disappear as an occasional 5k med bill beats 15k a year in premiums.
@charliebilello@PeterMallouk Probably true due to massive federal subsidies for insurers in Biden Inflation Reduction Act. Insurance Subsidies expire in 2026. Get ready for the hammer to DROP.
@DrSeanWheeler You should drop them. The misery is not worth the meager reimbursement. If providers continue to accept UHC practices things will never change and pts will continue to think UHC is legitimate.
@Rothmus Why is this a problem? I know it affects entitlement funding, but with problems like pollution, deforestation,global warming, housing shortages, etc. isn’t unrestrained population growth a negative?