Thursday, November 29, 2007

Another argument for Single Payer Health Care



"I do not deny that our charges look insane," says Dr. Pont, [California Pacific Medical Center's] chief medical officer. But all hospitals operate the same way, he says. "It's the reality of the industry." Once its operating costs are factored into an item's charge price, Dr. Pont says the hospital marks up that price by threefold to account for the fact that it only collects on average a third of what it bills in any given year. |WSJ|

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