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Originally posted by Meier_Link
While there is no doubt in my mind that drug companies make more than they should, that is what encourages them to develop new drugs and treatments.
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http://washingtontimes.com/upi-break...1752-4421r.htm
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Drug companies are required to offer Medicaid, a public health program for low-income patients, the lowest prices they offer any customer.
Florida Attorney General Charlie Crist said the fraud may have cost the state as much as $100 million.
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That's Florida. In Californian news...
http://www.smh.com.au/articles/2004/...?oneclick=true
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The 12-page document written for Health Insurance Commission call centre staff advises them to tell doctors and patients who phone for guidance that there is no ceiling on the fees Medicare is prepared to reimburse, the newspaper said.
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But that's only when they're fucking the government's (read: Taxpayers) dollars. Privately insured Californian's get some of this.
http://www.reuters.co.uk/newsArticle...1§ion=news
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LOS ANGELES (Reuters) - The practice of "balance billing," in which hospitals bill patients to boost low insurance reimbursement rates, has came under an attack in a proposed class action filed on behalf of California consumers.
The Los Angeles Superior Court lawsuit, filed on Monday, says the practice is fraud and a breach of the state's unfair business practices law, and it seeks a court order to stop it.
In balance billing, insurers allow contracting hospitals to bill patients for the difference between what the insurer paid them and what they believe the services are worth, even if they agreed to take the lower fee, the lawsuit said.
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In terms of the Kerry/Bush dilemna, it seems that the Free market needs a couple more strings attached. Bush isn't likely to introduce/sign any legislation restricting "free trade."