A month ago my wife was bitten by a stray cat. A series or Rabies shots was found necessary so we went the hospital for treatment.
The initial treatment was a series of shots followed by subsequents shots at 3, 7, 14 and 28 days.
The hospital billed $18,621 in total, we were amazed when we saw the bills!
The insurance provider paid $6,911 and denied $11,213 which the hospital accepted.
We paid $497 in co-pay.
If we had not had insurance we would have had to pay the full amount of $18,621.
The interesting part is that because we had insurance the hospital accepted $11,213 less than if we had not had insurance. One has to wonder why a person paying out of his own pocket would be expected to pay that much more,over twice as much, for the same treatment.
So, is our medical system broken?