https://www.noahpinion.blog/p/insurance-companies-arent-the-...
This is completely wrong.
A general practicioner doctor is unlikely to be making much more than 300K, or $144/hr. But my visit to said doctor costs $450 for 15 minutes, or $1800/hr.
Many people are making a fortune out of the system, the money is not going to the person doing useful work, the doctor. Where is the other $1656/hr disappearing?
Eliminate all those grifters from the loop and I could go see this doctor for $36 per 15min visit. Heck I wouldn't even need insurance, I can pay that out of pocket.
Sure, I'm ignoring rent/utilities/supplies, so it'd be a bit more than $36 but those costs are a tiny percentage. In any case it'd be less than $50, far below the current $450.
No, they don't.
Insurance pays out their negotiated rate of like $100 for that 15 minute appointment. (Which likely has some pre- and post-appointment work involved. My doc has clearly at least skimmed my chart prior, and I get a written note later. I'm also seen by a nurse initially.)
The rates have to be obscenely high on paper so the insurer gets their big win negotiating.
The rest just... evaporates. https://imgur.com/a/X5oLXgr