Did you know that people pay vastly different prices for identical hospital care?
If you have suffered a personal injury in the past, than you understand the dirty game of hospital and health care pricing. This is a game designed to confuse you and force you to pay the highest prices and/or owe money from a personal injury settlement. It is one of the biggest reasons why you need my help after a Rhode Island or Massachusetts car accident, slip and fall, or other personal injury claim. So it was with great interest that I followed a recent Trump Administration proposal. Let me share what I understand here and why this proposal may be good for you, the American consumer:
Recently, the Trump administration announced they are considering forcing hospitals to publicize the discounted prices they negotiate with insurance companies.
“For decades, hospitals, insurance companies, lobbyists and special interests have hidden prices from consumers, so they could drive up costs for you, and you had no idea what was happening,” President Trump said during the announcement.
The rule would not take effect until 2021, but is part of a broader picture to make healthcare markets more transparent to patients. The administration will also be proposing a rule that will allow patients to get advanced estimates of costs before they see a doctor or go to the hospital.
Naturally, the wealthy and powerful hospital industry is fighting this proposal.
Why Do Hospital Prices Matter To Personal Injury Victims?
When you have suffer a personal injury such as a car accident, hospitals often try to “flag” your care in order to “coordinate benefits.”
The price a hospital ultimately recovers for care depends on many factors.
Currently, much of what the hospital charges and recovers is shrouded in secrecy.
This means that it is very well possible that the system is operating with inefficiencies, unfairness, and cost overruns, for example.
For our personal injury clients, we often find the system to be unfair. Our clients are taken advantage of constantly with high and differing prices – such as ambulance or hospital bills. All around us are private medical companies that thrive off of the misfortune of an accident and make a profit on the hefty bill they tack onto a person. With this new rule being proposed, our clients will be able to worry less about how much money they owe to medical bills and just focus on their main priority – getting better.
It’s Good To Know Mike Bottaro – 24/7 Personal Injury Help
At the Bottaro Law Firm, LLC, we handle all types of personal injury cases every day. Honesty. Integrity. Results. Our experienced legal team is here to fight for your rights. Contact us in any method you prefer 24/7 for a fast, free, and confidential consultation about your case. Text or call: 401-777-7777 or fill out our free and confidential online form.