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View Diary: I feel sorry for health insurance companies. Yes, I said that. Why? This Time report must be read. (228 comments)

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  •  lab rip-off (7+ / 0-)

    We've figured out the Big Pharma is making a killing off Americans who must pay the most outrageous prices in the world for medications.
    '
    If Americans only knew how much they were being ripped off on labs.... Oh, sorry, "ripped off" = vulture capitalism.

    Labs are ENORMOUSLY marked up.  I know because as a practitioner I get practitioner pricing that I can offer to my patients. Even with a small mark-up, the labs I offer are 100's of percent cheaper than if they had to go straight to the lab as an un-insured.

    They can pay me $60 for a basic thyroid work-up and it would cost them $300+ straight from the lab. I charge $80 for a genetic test. The same test is $400 on the market.  I could go on, and on, and on.....

    If the federal government simply took over doing the #50 most common labs done in the country I bet we could save BILLIONS a year.  

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