The COVID testing boom: How providers are reaping a financial windfall
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The COVID testing boom: How providers are reaping a financial windfall
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bloated policies. a patient could buy a slim plan, skinny plan. more and more choices and options so that the middle insurer is someone who is not a big blue cross blue shield, that they can now afford trace: that is counter to what it was. there was no such thing as a skinny plan. you got it all, or you got nothing. i think it was a huge step in a positive direction. give us more choice. sandra: meanwhile, president trump has signed this executive order aimed at curbing health care costs. he said this on hospital pricing yesterday. patients have been billed nearly $800 for saline, more than $600 for a drug test. often prices differ drastically between hospitals for the exact same services. and there is no consistency. there is no predictive ability. and there is frankly no rhyme or reason to what s been happening for so many years.
it to tracey s bill line by line. that $15 blood pressure pill, hospitals can buy it for just three cents. and it turns out the north side hospital system, whose ceo makes $2.1 million a year, has been criticized before by a consumer advocacy group for it s inflated pricing. i want to pay my bill but not overpay. reporter: in this month s special edition of the journal of the american medical association, a panel of experts across the country takes a critical look at our nation s health care system. we asked dr. moses why hospital pricing is so secretive. who s keeping it from the light of day? why don t we know this information? there s no incentive to make the information clear and every incentive to make it mysterious. reporter: the american hospital association told us hospitals like north side lose millions of dollars a year from patients who don t pay their bill and on medicaid and medicare shortfalls. so people like tracey end up having to make up the difference. you wil