2136
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 Oct 2023
2136 points (97.5% liked)
Technology
58133 readers
4357 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
But isnt this just kind of a negotiation price? In reality insurance companies will negotiate and make deals with lower prices, and people will still be covered for the same insurance cost, right?
Disclaimer: Not from US and I dont understand much about your insurance based health care system.
Not sure why so many downvotes. Other than the last statement I don't think you're wrong. Insurance will negotiate with providers and drug manufacturers to get discounts on top of whatever amount they're willing to pay. The result is that patients may get billed for anywhere from the full amount to zero. Regardless it kind of misses the point that US pharma companies are unregulated in their pricing and they are taking advantage of people in life threatening situations.
I almost had a similar issue with my son and a liquid medication that cost $600 for a 3 month supply. Thankfully he was old enough to take pills and the generic pill form was only $12.
Right. So insurance will cover parts of the cost, depending on the insurance. Thanks, I didnt know.