Co-ops created under Obamacare reported net assets despite losing millions because they used an accounting trick approved by the Centers for Medicare and Medicaid Services. Tax filings for 18 co-ops, including nine that collapsed in 2015, also revealed that co-op CEOs were paid handsomely before many had to shut down. In July 2015, the Centers for Medicare and Medicaid Services amended its agreement with co-ops, allowing them to list $2.4 billion in loans they received from taxpayers as assets.
For John Kuhn, a simple X-ray after a snowboarding accident turned into an accounting nightmare when the hospital billed him $20,000 for a surgery he never had. "So I had to go down in front of the billing department no less and pull up my shirt and show them that I did not have any major scarring on my stomach at all," Kuhn said. It turns out the hospital's hard drive had been stolen along with Kuhn's medical records.
When it comes to the rising cost of medical care, Dr. Linda Girgis is quick to identify one of the most problematic symptoms: Patients who keep their mouths shut.
My purpose today is to demonstrate that the troll should not be so EFFECTIVE. I want to show primarily what enables that troll to hinder you and me, and also generally what each of us can do about it. Because, quite frankly, as with the apparent bully problem affecting children in US public schools these days, there can NEVER be enough collectivized and institutional resources to bring on the whole more satisfactory results. NEVER.
“We think every American should understand that a decent price for a shoulder MRI is $500 versus $4,000,” Kempton said. Volume discounts obstruct and distort the free market and the understanding of the true cost of care, he said. “It should be the same cash price to any willing buyer. Price is not a product; care is.” Kempton told of how a durable medical equipment supplier quoted a $4,195 discounted price on a $6,900 oxygen concentrator, but quickly matched a $2,995 price that Kempton found in a Google search.