Last year, that same hospital posted 100 million in profits.
It is owned by a PE firm, and people wonder why appendectomies now cost $30k and simple ambulance rides are $15k.
Last year, that same hospital posted 100 million in profits.
It is owned by a PE firm, and people wonder why appendectomies now cost $30k and simple ambulance rides are $15k.
It's a broken system because for a person who does have insurance, they will really try to charge you the full $30k. But there's a reason for this too. Most people who don't have insurance are too poor to pay anything, and once the hospital has documented that, they can put their costs to a government "uninsured patient" fund.
It's a classic case of government intervention that is well intentioned but misguided and ends up messing up all the economic incentives. There are also a lot of really slimey and manipulative people floating around in the system, exploiting its brokenness.