It's a two-fold problem. Think of health insurance like "the mob" it gives you leverage if your employer has a lot of employees vs if you work for a small company. They can say "oh we're taking you out of our network since your pricing is insane" and actually holds a lot more weight than a small fish company trying the same.
Then you have the fact that not everyone pays, so they subsidize the cost. Think of all the homeless people who got treated.
Never take a loan unless you're literally battling something life threatening and that's your only option available. Otherwise, always haggle the billing department down.
It's all a messy cost because its all subsidized.
I got this information from a former hospital billing manager who I used to report to at a former software job. I don't know what can fix all of this, but it feels like the college issue of throwing more money at it just gives them free reign to raise prices at ridiculous rates.
Then you have the fact that not everyone pays, so they subsidize the cost. Think of all the homeless people who got treated.
Never take a loan unless you're literally battling something life threatening and that's your only option available. Otherwise, always haggle the billing department down.
It's all a messy cost because its all subsidized.
I got this information from a former hospital billing manager who I used to report to at a former software job. I don't know what can fix all of this, but it feels like the college issue of throwing more money at it just gives them free reign to raise prices at ridiculous rates.