Jim, I'm actually surprised by how low those hospital bills are.
One problem, among many, with insurance picking up the tab for almost everything is that there is no incentive for the hospital to make sure the bills are accurate. The insurance companies handles thousands and thousands of claims and simply doesn't have the time or manpower to check the bills for accuracy. They just pay them. That results in tens of millions of dollars wasted.
When my wife had surgery a couple of years ago, I reviewed the bill item by item and found over $1,000 in errors on a $28,000 bill that I had removed from the bill, lowering my cost by that amount. Had I not been responsible for any of the bill, or just a small copay, would I have taken the time to do that review and found those errors?
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Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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