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Insurance companies don't make health care more expensive
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I recently received a $498 bill for a 20 minute doctor visit for my daughter. She had a regular check-up and a round of immunizations. That seemed expensive to me. According to my bill, my insurance company negotiated the bill down to $400, my co-pay was $25. Could someone, anyone, please explain to me how that expensive $498 bill was my insurance company’s fault? How exactly were they responsible for that $498 bill? And, didn’t they actually make the visit cheaper by negotiating away $98 of the bill?
It seems to me the assertion by our President that insurance companies are villains in search of profit, and are to blame for expensive hospital bills, is wholly false. My insurance company not only saved me 20% on the cost of my daughter’s visit, but they also paid 95% of the expensive bill. It seems to me that inflation and the falling value of the dollar are more to blame for the expensive bill. Why? Because highly skilled workers (doctors) can adjust their prices for inflation quicker than lesser skilled workers.
The fact is, the value of the dollar is at an historical low due to overspending by our federal government (and yes, this includes Republicans). The irony is that the proposed solution is to weaken the dollar further by more deficit spending (880 billion is the latest bill). When will we wake up and stop spending money we don’t have?
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