Reply to post: Re: But the elephant in the room...

Which country has 2nd largest social welfare system in the world?

Fred Goldstein

Re: But the elephant in the room...

The poor may not be "fully covered" by Medicaid. But what ends up happening is that they have to find a provider willing to take Medicaid, which pays less than private insurance, and then they may still be asked to put up some cash, just not big dollars which they obviously don't have. But the provider may end up eating a lot of it, and passing the cost along to others who do have private insurance.

Medical bankruptcy, though, is easier for those who have no insurance at all, since hospitals charge a "sucker rate" of 5-10 TIMES the Medicare (old person) rate, several times the private insurance rate, to suckers who are "private pay". The theory is that this is supposed to apply to the Saudi princes who flock in droves to the US for private-pay health care, and every little dipschytt hospital thinks they're setting rates for princes, when in fact it's a scam to take every last dollar an uninsured person will ever have. So a little appendectomy can cost over $10,000 if you are not insured.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon