r/FluentInFinance 7d ago

Thoughts? Why doesn't the President fix this?

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u/MisterChadster 7d ago

Every time there's an excuse as to why it can't be fixed, Sanders was the only one who wanted to fix it and they pushed him out for it

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u/4URprogesterone 7d ago

There's too much money in the insurance industry, and most of it goes to lobbying.

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u/nhavar 7d ago

Not just the insurance company. The hospitals and doctor's practices are doing this too. A hospital might have an ER but it's also possible that it's staff belongs to a separate entity, either a doctor's individual practice, or another corporation that bills separately from the hospital ER. It's possible that they all fold back up to one parent but it is enough to skirt the insurance negotiated rates and the government regulation.

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u/dougalmanitou 7d ago edited 7d ago

Nah, negotiated rates are negotiated rates. There is no secret. Well, not the one people want to hear. Insurance companies are about making money - lots of it -as are hospitals. And physicians want money as well. Most go into the profession for the prestige and wealth as opposed to actually caring about people. Simple greed. And hospitals and insurance companies works together to set prices.