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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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  •  When a patient can't pay their bill, (6+ / 0-)

    after a certain amount of time it sells the bill to a collection agency, who pays for it for pennies on the dollar.   Hospital writes off the unpaid amount as a loss.
       The collection company reports to the credit bureaus the unpaid balance in full, and then continues to call and harass the patient until they get paid in full, while the patient suffers all the problems of ruined credit. They, in turn, sell uncollectable bills to other collectors at further discount.  Collection attempts at full price continue.
       Too bad that the hospital won't write down the value of that for the patient to pay off, clearing the books.  
       One the things the Occupay people have been doing is collecting donated money and buying debt from hospitals and then clearing it so that the sick people aren't ruined.  

    •  Just last week, I got a "personalized" robocall (0+ / 0-)

      from a collection agency. Second time in two years with the same thing, they wanted $3500. I could not figure out what this was for, redialing the phone # got the do-do-do This call cannot be completed as dialed...

      Well I got through, with the help of my phone company, and it involved a bill for $35 copay
      from 2.5 years ago when my husband died.

      Collection agent said they would eat the $35. What if I had paid them $3500? Someone inputting numbers got a little wild with zeros? And how in the hell did they get my name and phone # since it's not in the phone book?

      Americans, while occasionally willing to be serfs, have always been obstinate about being peasantry. F. Scott Fitzgerald, the Great Gatsby

      by riverlover on Fri Feb 22, 2013 at 02:07:27 AM PST

      [ Parent ]

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