Hi danielTX,
I was looking at my Mom's Medicare statement the other day and she was charged $250.00 for something I can not remember what it was. Medicare paid $50 or so her blue cross paid $26 or so and that was it.
Medicare capped what could be charged.
But the service provider does not eat the difference. COSTS just like squeezing a balloon the air just goes to an other part of the balloon. Medicare makes health care cheap for some and a disaster for others.
So the true cost of Medicare is those people who "can't afford health care", "go bankrupt each year from medical bills" and "are denied insurance".
There is a difference between Health Insurance and health care. If everyone had health insurance and paid for their own health care there would be far fewer problems.
Using insurance companies to pay for health care is expensive. But having Health Insurance that ONLY covers catastrophic costs is cheap.
It is only going to get worse, cause of the Baby Boom Bulge is retiring.
P.S. here is an other example:
I was charged $600.00 dollars for a plastic tube
3 or 4 feet long for a steroid IV, this was the cost JUST for the tube it gets used once.
I believe it was 4 treatments @ $2000.00 each
Why should a 3 or 4 foot plastic tube cost $600.00 dollars?