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A dose o' reality for Penske
Quote:
Originally posted by taxwonk
I wasn't kidding, so much a vastly oversimplifying. Medicare regulations are extensive, but they serve a relatively small segment of the population. For everyone else, there are no real price controls.
Insurance companies may base their rates off of Medicare, but providers are free to charge more, and individual consumers of healthcare have little bargaining power to change that.
That's what I meant by no real regulation for the average person.
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You are wrong, almost all pricing in healthcare (except pricing which occurs on a private pay basis outside of third party insurance which is a very small portion of the market limited to upper income consumers) is based on CMS promulgated rates.
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Since I'm a righteous man, I don't eat ham;
I wish more people was alive like me
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