Here’s an artical on the Blue Cross Blue Shieldof NC website about why Moses Cone cancelled their contracts with this major NC health insurance provider.
http://www.bcbsnc.com/notices/073107-mosescone.cfm
This statement from BCBS underscores my fight to prove that it is NOT the health insurance companies who are responsible for outrageous medical costs, it is the hospital corporations. I will pose the simple question once again, which no one has ever satisfactorily answered: How can hospital corporations, with a vested interest in shareholder profits, put their patients care above targeted revenues and profitability. The simple answer no one wants to admit is: They can’t.
An annual double digit increase for inpatient fees based on identical procedures is an outrage. This markup (ripoff) would not be tolerated in any other consumer industry. Yet society at large is silent towards hospitals and blames health insurance companies. If anything the insurance companies are working to control costs.