Originally Posted by miiipilot
Originally Posted by KGB7
It becomes your dept and ruins your credit if you dont pay it off. Later on it will be sold of many times over to other debt collecting agencies.
True. Plus it becomes everyone's problem. The hospitals have to charge more and more for services because they are not reimbursed 100% for treating the uninsured, which also causes the people who are insured to pay more. We pay higher costs to make up for some of costs associated with people that cant pay.
Charges don't matter. Only the contractual agreement that I have with the insurance company.
I could charge $1,000,000 for a delivery, I am still only going to get my contractual amount.
It is a complete fallacy that cost shifting to the insured occurs. The hospitals do get some federal money (called h-cap) but private physicians get only what the patient decides to pay.