Recommended blog reading: TYWKIWDBI: Wherein I rant about the financing of American healthcare

Go read this blog from one of my favorite blogs ever, TYWKIWDBI. I could repost almost every thing he posts, but this one is a great one.

I’ll start you off:

This morning I’ll post yet another example of a healthcare financing debacle.

There are undoubtedly thousands upon thousands of these, the vast majority of which don’t reach the public eye and are suffered quietly by the powerless victims.  This story about a myocardial infarction successfully treated with stents was posted by Kaiser Health News:

Patient: Drew Calver, 44, a high school history teacher and father of two in Austin, Texas.

… [as he was recovering from his MI and the stent placements], Calver asked whether his health insurance would cover all of this, a financial worry that accompanies nearly every American hospital stay. He was concerned because St. David’s is out-of-network on his school district health plan. The hospital told him not to worry and that they would accept his insurance, Calver said…

And then the bills came.

Total Bill: $164,941 for a four-day hospital stay, including $42,944 for four stents and $10,920 for room charges. Calver’s insurer paid $55,840. The hospital billed Calver for the unpaid balance of $108,951.31.