Monday , July 6 2020
Home / Zerohedge / All That Is Wrong With The US Healthcare System In One $18,415.00 Coronavirus Test

All That Is Wrong With The US Healthcare System In One $18,415.00 Coronavirus Test

Summary:
All That Is Wrong With The US Healthcare System In One ,415.00 Coronavirus Test Tyler Durden Sun, 05/31/2020 - 17:45 Why did a virus that turns out to be barely worse than the flu after all (especially for those under 65 who are not obese, have diabetes, or heart issues) spark the kind of panicked ...

Topics:
Tyler Durden considers the following as important:

This could be interesting, too:

Charles Hugh Smith writes What Makes You Think the Stock Market Will Even Exist in 2024?

Tyler Durden writes 67 Shot, 13 Fatally, Over Fourth of July Weekend In Chicago: Police

Tyler Durden writes China New Car Sales Crash 37% In 4th Week Of June

Tyler Durden writes State Dept Warns Top US Firms To Replace Supply Chains Exposed To China’s Xinjiang

All That Is Wrong With The US Healthcare System In One $18,415.00 Coronavirus Test Tyler Durden Sun, 05/31/2020 - 17:45

Why did a virus that turns out to be barely worse than the flu after all (especially for those under 65 who are not obese, have diabetes, or heart issues) spark the kind of panicked fearmongering among lobbyist-funded politicians and advertising-based mainstream media?

All That Is Wrong With The US Healthcare System In One $18,415.00 Coronavirus Test

Jamie McGurk (@jpm25) may have found one important piece of the puzzle. As he tweeted earlier:

"My wife is a healthcare worker and has gotten 3 COVID-19 tests over the last 2 months.

We got the bill for the first one today: $18,415 w/o insurance. "

And here it is in black-and-white...

All That Is Wrong With The US Healthcare System In One $18,415.00 Coronavirus Test

So what exactly do we see here?

The hospital's charge of $18,415 for a COVID-19 test is insane!

But CIGNA (the insurance provider) splits its 'winnings' from government reimbursements with the hospital.

This smells like the entire engineered chaos of the COVID crisis (and the politicians "Test, Test, Test" mantra) is becoming nothing less than a giant giveaway to insurance companies.

And finally, a $5 test is still costing the patient $100.

Just wait until the government-subsidized mandatory vaccination costs start to filter into insurance company earnings.

All That Is Wrong With The US Healthcare System In One $18,415.00 Coronavirus Test

...is it any wonder people are rioting in the streets?

Tyler Durden
Tyler Durden (a pseudonym) represents the idea that a return to truly efficient markets is a possibility and a necessity. After having experienced the inner workings of capitalism at various asset managers and advisors, Tyler believes that the current model is flawed and a deleveraging at every level of modern society is needed to reinspire the fundamental entrepreneurial spirit. Visit his blog: ZeroHedge (http://www.zerohedge.com/)

Leave a Reply

Your email address will not be published. Required fields are marked *