Hoisted by your own petard

5 comments

    1. No doubt true, but long term doctors and others will have to be more efficient (and there is plenty of room) or they will have lower incomes more in line with rest if the world.

      Liked by 1 person

      1. I’m not sure my family Dr. can be much more efficient. He seems to be rushing from room to room to see patients, and doesn’t spend much time on non-essential questions. Perhaps in the larger medical venues it might be possible, but even there, the waiting rooms are full and the throughput seems pretty high. I guess we’ll find out in the next couple years if the democrats maintain control.

        Liked by 1 person

    2. At times I don’t understand where there is profit in the medical field. Everybody agrees that medical costs are high. The requested billed amounts are high but providers are willing to take pennies on the dollar. Is this a case of price inflation knowing that they have to give a 50 to 80% discount to insurance companies?

      Than there are lab tests. I had some blood work done and was reviewing my EOB this morning. My insurance company paid them only between 7.8% to 17.9% per test. I understand that there is economy of scale but how do you stay in business only receiving $5.55 for a lab test? Think about all the paperwork, the 5 minutes that the receptionist checks you in, the 5 minutes the technician draws the blood, who knows how long the lab techs work on the sample, the vitals, the shipping costs to the lab, someone reviews the results before forwarding the results to your doctor. Somewhere in that fee is enough to cover part of overhead for the buildings, lab machines, computers, and other admin costs.

      If all the people who help acquired or touch the sample and the results spent a combine total of 20 minutes on that sample and they each costs the lab $15 for wages (including all taxes and benefits paid by the employer), That would be $5 of that $5.55 bill for labor. I am sure that the paper wasted was $0.55 even with all the use of computers.

      Somehow, they figured out the costs and make money. Would they stay in business if everybody paid them pennies on the dollar or are they ripping off people without insurance to make up for the revenue?

      Liked by 1 person

      1. Dwayne, I’m not sure what it’s like where you are, but last time I was in the emergency room it seemed more like I was in some South American country. I may have been the only Native American there. The people there didn’t seem like they were likely to have insurance, and the hospital has to make up for that. We are paying for the third world to get treated.

        Liked by 1 person

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