If he would have been well off enough financially to pay the total bill himself the bill would have been higher yet. The insurance company negotiates the bill down because they have the lawyers, expertise and clout to do it. Shouldn't it be the other way around? If we can pay cash the bill should be smaller, right?
When it comes to lawsuits, the bigger the settlement, the more the lawyer takes home. So he or she will go for all they can get, whether it's reasonable or not. There needs to be some sort of a cap on legal fees. It would save the malpractice insurance companies a bunch of money and hopefully it would trickle down to the patient. The health insurance companies blame the hospitals for over-charging and the hospitals blame the insurance companies for not paying enough.
There are too many people making big money from other people's misfortunes in the medical field. After my daughter passed away from a surgical mistake my son-in-law filed a suit for enough to equal my daughter's wage until the three little girls (2, 4, & 6 years old) were out of college, plus a little more for hidden expenses. My son-in-law was NOT trying to get rich, he just didn't want any extra financial hardship. He was after the doctor's license too, but that's very hard to do and it never happened. Anyway, without getting into details, the lawyer went hog wild and after the dust cleared the lawyer went home with several million just from his fees. I don't know what the lawyer's actual expenses were, but they might have been one or two percent of his fee.
Hospitals write off a lot of uncollected bills because they have to treat people whether they want to or not. Five years years ago, maybe more, the local newspaper had an article about how much our small local county hospital writes off per year. Can't remember the exact figure but it was between one and two million dollars. An appendectomy was about the most serious surgery this hospital did, so you can get an idea of how small it was at that time.
So we add up the malpractice premiums, that add to the overhead, and the write-offs, the money they never collect and we're looking at a huge negative figure. Guess who pays for it?
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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