by Paul Fassa.
“The next time you visit a hospital, it is your wallet that may end up hurting the most. All over the United States, it has become common practice for hospitals to wildly inflate medical bills. For example, it has been reported that some hospitals are charging up to 30 dollars for a single aspirin pill.” – Michael Snyder, The Economic Collapse Blog
That enormous $153,161.25 hospital bill is easily on par with purchasing a house – except the house would typically be financed over 30 years. Notice the hospital bill was dated or issued on July 13, 2015 and the entire bill is due July 27, 2015. I think even loan sharks and illegal drug dealers would allow a little more time for a payback before ordering a hit.
Tell me again, what kind of country bankrupts its citizens when they are struggling to stay alive in a scary medical emergency and at their most vulnerable?
Did you notice the pharmacy charge? A cool $83,341.25! Meet America’s most successful Drug dealers.
Current estimates are that hospitals in the United States overcharge their patients by approximately 10 billion dollars every single year.
According to a 2012 report in Reuters, the Paris-based Organization for Economic Cooperation and Development (OECD), proclaimed that the US is number one or highest in health care spending: “Annual healthcare spending totals $2.6 trillion, equal to 17.9 percent of U.S. annual gross domestic product, or $8,402 for every man, woman and child.”
Yet it’s only 31st in providing coverage to its people among the OECD’s 34 members! America is not the best allopathic health care system in the world. It ranks 27th in life expectancy and 31 out of 40 in infant mortality, compared to other OECD countries. See other dismal US health care rankings here.
Projections are that the U.S. will spend 4.5 trillion dollars on health care in 2019.
This unfortunate person obviously suffered from two snake bites [bill pictured above]. One from an actual snake and the other a financial bite from the snakes wearing white coats and the power behind them, the financial scammers sporting expensive suits, Rolex watches, and a Mercedes or two.
“All the criminals, in their coats and their ties, are free to drink martinis and watch the sun rise.” –Bob Dylan
THE MEDICAL SYSTEM OPERATES LIKE AN ORGANIZED CRIME SYNDICATE
“It would be difficult to argue that the extreme greed that we see in the medical system is even matched by the crooks on Wall Street. These medical predators get their hands on us when we are at our most vulnerable. They know that in our lowest moments we are willing to pay just about anything to get better or to make the pain go away. And so they very quietly have us sign a bunch of forms without ever telling us how much everything is going to cost.” – Zero Hedge
THE HEALTH INSURANCE PROTECTION RACKET
The $884-billion-a-year, private health insurance industry is another offspring of Wall Street profit at any cost. In fact, the largest health insurance companies are managed by the world’s top investment houses. Huge financial institutions own the majority of health insurance stocks or shares.
“… Their top priority is maximizing returns on investments, not improving health. Using sophisticated technology and the vast financial resources generated by stupendous premium revenue streams, insurance companies have cadres of actuaries and skilled managers to keep them miles ahead of consumers and regulators. Because they are active in every part of the country, the business practices of dominant, national for-profit insurance companies have become the model for the nonprofit insurance companies with which they compete.”
THE RISK POOL COVER
The supposed operating rational behind traditional insurance is pooling of risk.
The game is run the same way for all types of insurance. The idea is that only a few unfortunate souls will need to draw from the collective pool during any given time period. In other words, there’s’ always more money in the pool compared to how much is drawn from it.
But here’s the rub: since everyone, as Shakespeare so cleverly pointed out eventually “suffer[s] the slings and arrows of outrageous fortune” most will eventually need to draw funds from the collective “sick pool fund.” The reality is that we’re paying a third party to manage our healthcare dollars for us –until we really need them. Meanwhile, the health insurance banksters skim as much profit off the top of the pool any way they can and employ an army of paper-pushing middlemen to manage our contributions.
If you query Americans who do have private health insurance, most will contend that they are satisfied with their coverage – until they actually have to put it to the test.
“Once they face a medical emergency, however, they soon discover that the unspoken policy of many insurers is to deny as many claims as possible, often on legally and medically implausible grounds, until the patient or his family give up. Multiple calls, usually including direct intervention from a physician, may pressure an insurance company into changing their ruling–but the critically-ill often lack the time and emotional energy to wage such battles.” –Jacob M. Appel, Bioethicist and medical historian
Here’s the dirty little secret behind how health insurance companies operate. They don’t make money by pooling or spreading the risk; they make money by limiting risk.
The key to keeping their profits high is to sell insurance to those considered ” low risk” applicants (young and healthy) and limit their “high risk” applicants (older people or those who have pre-existing health issues). That’s why they hire actuaries.
In the past decade, insurance premiums have increased three times as fast as wages.
Obvious ways insurance companies game the system to boost their profits and fool people into believing that health insurance is their best and only option:
Reject applicants based on their health history and current health status. In other words, the more you need health (sick) care coverage the less likely you are to able to get it. And remember health insurance is actually sick care coverage, nothing else.
Cherry pick applicants. The older you get, the more you’ll pay for the same or usually lesser coverage, because on average, it’s likely that more problematic health conditions have accrued. If you work in a health compromising job you’ll pay more for insurance.
You will pay the highest premiums and co-pays and may be forced to choose a very high deductible because you are considered a greater risk – which means you are likely to use your health insurance more than those who pose a lesser risk according to actuaries.
Translation: Pay more, lots more money for less or inferior sick care coverage when you really need it – when your life may depend on it.
Divide and conquer. View your body parts as separate risk factors and attach riders to your health insurance policy that exclude coverage of conditions or body parts that could require medical attention. Or pay more for a pre-existing condition-waiting period rider.
Isn’t it obvious by now that the house always wins because the game is rigged for that outcome? Lure the young and healthy into the sick care insurance scam with a high-deductible, lower-premium plan that statistically most likely won’t be used often.
MORE INSIDIOUS WAYS THE HEALTH INSURANCE MAFIA RIG THE GAME
Buybacks and Dividends
A legally questionable method resorted to by insurance companies to maximize profits and boost CEO pay is to take customer paid premiums and use them to repurchase company stock. These large-scale buybacks enrich institutional shareholders, top executives, and board members who have extensive company stock holdings.
“From 2003 to 2010, the five biggest insurance companies spent $64.1 billion buying back their own shares and lining the pockets of their senior executives while imposing ever-bigger premium increases on America’s families and businesses. That is expected to grow by billions when the 2011 reports come in.”
“Anyone who has worked as a healthcare provider long enough, and has been paying attention, eventually comes to recognize private health “insurance” is a large-scale criminal endeavor — part Ponzi scheme, part extortion racket — that consistently exploits patients at their most vulnerable moments. In short, private health insurance is the sort of predatory enterprise, like payday lending and loan-sharking, that should be criminalized.” – Jacob M. Appel, Bioethicist and medical historian
So just in case you’re thinking ‘Well, I have health insurance so I’m protected from this type of financial devastation, right?’ Wrong! A 2013 commonwealth fund survey was conducted in 11 countries and found that US adults with year round health coverage were more likely than adults in other countries to skip needed medical care, because it’s unaffordable; it costs too much.
Surprisingly, even the fully insured in the US are forced to struggle with huge medical bills and are often stuck with high out-of-pocket costs.
“The U.S. spends more on health care than any other country, but what we get for these significant resources falls short in terms of access to care, affordability, and quality,” said Commonwealth Fund President David Blumenthal, MD.
Most Americans are very afraid of hospitals not only because they routinely kill so many patients, but because of the severe financial pain they cause.
One short hospital stay can literally drain your savings accounts, max out your credit cards, liquidating assets including refinancing your home to pay off your enormous medical bills. Even with health insurance, you can still accrue a mountain of medical debt.
By the way, did you know hospital medical errors are killing approximately 440,000 people each year? For example, patients get the wrong drugs or the wrong dose; some die from secondary infections because doctors or nurses forgot to wash their hands. Others perish simply because they never get needed tests or life saving treatments.
MEDICAL DEBT SLAVES
The unvarnished truth: Americans are literally drowning in medical debt. In fact, medical bills are the number-one cause of personal bankruptcy and they are responsible for more collections than credit cards.
Approximately 40 percent of Americans have medical bill problems or are paying off medical bills. Each year 30 million Americans are in collection for medical debt. Compared to adults living in other developed countries, Americans are much likelier to struggle to pay their medical bills or to skip medical care altogether for financial reasons.
THE FINAL IRONY: A PROVEN CHEAP AND EFFECTIVE CURE HAS EXISTED FOR OVER A CENTURY FOR RATTLE SNAKE BITES
Back in the late 1800’s a group of US physicians called Eclectics documented the use of Echinacea for successfully treating all kind of stings and bites.
Because allopathic, monopoly medicine has successfully suppressed most natural, inexpensive and non-toxic treatments and cures, I’m positive that most – if not all of you reading this do not know that Echinacea angustifolia root extract is a cure for a variety of stings and bites including black widow spiders and rattlesnakes.
The treatment is twofold both topical and internal. First a moist compress soaked in the extract is placed on the wound, while simultaneously the extract is taken internally. When taken orally the extract enters the bloodstream and targets the areas just under the skin, which halts the spread of venom along with tissue healing.
The Eclectic physicians documented that their patients experienced improvement in 30 minutes to several hours after treatment with Echinacea. Full resolution was reported within 24 hours. No unpleasant side effects were ever experienced.
Bottom Line: Hospitals, Big Pharma, Insurance Companies, and Most Doctors are Blatantly Ripping Off Americans as They Monopolize Medical Care!
Paul Fassa is a contributing staff writer for REALfarmacy.com. His pet peeves are the Medical Mafia’s control over health and the food industry and government regulatory agencies’ corruption. Paul’s valiant contributions to the health movement and global paradigm shift are well known. Visit his blog by following this link and follow him on Twitter here.