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Healthcare and Money
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Jan 31, 2024 11:36:18   #
DirtFarmer Loc: Escaped from the NYC area, back to MA
 
jerryc41 wrote:
This is ridiculous. Stewart's, large medical conglomerate in New England, runs nine hospitals and employs 16,000 people. The problem is that it cannot pay its bills. Medical equipment was repossessed by the equipment company because it hadn't been paid for...


foodie65 wrote:
Jerry, this isn’t the same Stewart’s where you buybuce cream, is it???🤭🤭🤭


I believe it's Steward, not Stewart.

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Jan 31, 2024 16:58:45   #
Drbobcameraguy Loc: Eaton Ohio
 
PhotogHobbyist wrote:
I say the inurance companies are peartially culpable. Many insurance companies charge high premiums but pay minimal percentages of the charges for care, while lining the pockets of the upper echelons. I will not discount the costs of medical equipment necessary for evaluation and treatment, for they too share responsibility, in a similar manner.


Insurance companies are the number one most profitable companies in the US. Look it up. How can you not make the most money when you can raise your prices anytime for anything to ensure profit. If we can get the Congress to allow competition in the insurance business it would not be as bad. But as it is now there are only a few companies that serve certain areas. I live in Ohio. My son lives 13 miles away in Indiana. We cannot have the same health insurance company due to competition laws. Unfortunately we all know Congress is to busy fighting each other to work for the people.

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Feb 1, 2024 08:24:23   #
BebuLamar
 
Reuss Griffiths wrote:
I don't know how hospitals figure out if they make money or not. If you read your medical bills supplied to you by your insurance company, the hospital/doctor charges you $1,459 for a procedure and the insurance company pays them $297.43 dollars and your share is $55.00. Apparently, some poor soul who does not have insurance actually pays the $1,459 (or not). How can the hospital possibly figure out if they make money when so much variability and uncertainty abound. Apparently, they can't and the aforementioned situations happen.
I don't know how hospitals figure out if they make... (show quote)


Really and the poor sould who has no insurance got billed $1,459 but he would file for bankruptcy as certainly he can't pay.

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Feb 1, 2024 09:02:40   #
jerryc41 Loc: Catskill Mts of NY
 
DirtFarmer wrote:
I believe it's Steward, not Stewart.


Correct.

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Feb 1, 2024 09:04:26   #
jerryc41 Loc: Catskill Mts of NY
 
BebuLamar wrote:
Really and the poor sould who has no insurance got billed $1,459 but he would file for bankruptcy as certainly he can't pay.


I've heard that medical bills are the main reason for bankruptcy, although I'm not saying that's true.

Okay, I was close. No income is #1, and Medical is #2.

https://www.investopedia.com/financial-edge/0310/top-5-reasons-people-go-bankrupt.aspx

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Feb 4, 2024 13:53:53   #
Doddy Loc: Barnard Castle-England
 
jerryc41 wrote:
Right! People who can't afford healthcare or insurance are not wealthy enough to support society financially, so let them die. "Other peoples' money" is used to support everything the government does. The government collects the money, and it decides where to spend it. Keeping people alive is way down on the list of priorities. People who aren't rich enough to afford healthcare aren't worth having around. Right?

👍

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