VIDEO: “OUR HEALTH CARE SYSTEM IS BROKEN”

WATCH a health care pricing expert tell the TN House Insurance Committee health care costs – particularly hospital costs – far outpace inflation, PRICE VARIANCE is a huge problem… but NOT with Medicare & Medicaid. #M4A #ExpandMedicaid

It’s almost like downward pressure on costs is a good thing.

Of course, the legislators only see it as those programs offer lower reimbursement rates – but at least everyone is covered, and as we learn from this expert’s testimony often the hospital prices are skyrocketing to make up for uncompensated care — which means Tennessee not expanding medicaid and rejecting $1 Billion each year IS COMING OUT OF OUR POCKETS ANYWAY.

From the TN HOUSE INSURANCE COMMITTEE yesterday… Hospital service costs are increasing at 5x inflation:

Hospital price variance is wild, depending where you go (less competition = higher cost – hello Ballad Health!) the “equivalent of paying $14 PER GALLON for a tank of gas”

 

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