Thursday, March 7, 2013

Recommended: Bitter Pill: Why Medical Bills Are Killing Us

Time magazine this month has a long article by Steven Brill entitled  Bitter Pill: Why Medical Bills Are Killing Us. I recommend it, though it will make your blood boil.  Even in our world of outlandish greed, the way hospitals charge patients who don't have insurance is unbelievably greedy!!

No doubt hospitals will hire spin doctors to refute this article and claim that all those excess charges go to help pay for the people they have to treat for free.  That would be more convincing if some of these supposedly non-profit hospitals were not racking up annual profits in the hundreds of millions, and paying their CEOs exorbitant salaries.

Clearly the incentives are all wrong in this business.