New Health Care Bill

[JPTHING]

Insurances cannot claim lost money on their taxes. Since they never received it, they cannot claim they lost it. The can claim the loses or decreased revenues caused by the expenses incurred when someone bails on their bill, but the taxpayer does NOT end up footing the bill.

I was a health care provider and had my on clinic for 7 years. It's a myth that a health care provider can "write off" their bad debt accounts or the contractual write offs between their Usual and Customary Rate and the contracted rate that say, Medicare pays. Believe me, I tried...

I am curious, how do you figure that if a hospital was able to claim the lost revenue on their taxes, how the taxpayer would end up paying for it. I think a lot of people misunderstand how this works so just wondering how you think the write offs work and how this affects their taxes. I ask only to help set the issue straight, if need be.

Well I know for a fact that hopitals, and clinics write it off(although I am not sure exactly that it is actually considered a "write off"). My wife has a condition, which requires a major surgery, the cost is $8000 they said they will bill the full $8000 they said the insurance pays exactly $2200 and we will be responsible for $220. The clinic told us they will claim the balance as a loss. There are ways they can recoup their lost revenues, one of which would be some sort of write off. They said this is common practice for clinics, and hospitals, because of the excessive refusal's to pay, by insurance companies and patients. My sister did billing for insurance companies, and currently does it for a hospital, and she says that there are certain hoops that need to be jumped through but it is done. To be honest, I think it's crap that Insurance companies can refuse to pay the entire amount, isn't that why we pay a ridiculous payment every two weeks???

 

[Gibby1]

Well I know for a fact that hopitals, and clinics write it off(although I am not sure exactly that it is actually considered a "write off"). My wife has a condition, which requires a major surgery, the cost is $8000 they said they will bill the full $8000 they said the insurance pays exactly $2200 and we will be responsible for $220. The clinic told us they will claim the balance as a loss. There are ways they can recoup their lost revenues, one of which would be some sort of write off. They said this is common practice for clinics, and hospitals, because of the excessive refusal's to pay, by insurance companies and patients. My sister did billing for insurance companies, and currently does it for a hospital, and she says that there are certain hoops that need to be jumped through but it is done. To be honest, I think it's crap that Insurance companies can refuse to pay the entire amount, isn't that why we pay a ridiculous payment every two weeks???

Tax wise, they can't write off income that they never received. They write it off their books as a contractual obligation because they worked out an agreement with the insurance companies as to what they would accept to become part of their network. This is pretty standardized. For example Regence pays almost the same to all providers that they are contracted with. If a provider chooses not to be contracted, they can balance bill the patient but the patient is less likely to come see them if they can get the same service by a contracted provider.

But what I'm even more curious about is this. Let's say, using your example, that they could write off the $6000 dollars on their taxes. How do the taxpayers end up paying the bill?

 

[JPTHING]

you worked construction for 20 years and now you do what for 8 bucks an hour.thats it,you want an 8 dollar an hr job so you dont have to work hard but you want me to pay your bill.what a joke.25 yrs same union construction outfit.ive busted my balls so i can make a 100G a year and i dont mind payin my way.why should i have to pay for yours?

I'm not gonna get into whether you worked harder in construction than myeself or any other construction worker... it's impossible to know.

 

[The_Shocker]

As an employer and a S-Corp, we already pay $6.91 per HOUR for each of our employees to have healthcare. We are a Union Company so that cost is high because we cover their entire family whether they have 8 kids or they are single. Tell me how that is fair? We all pay a share of others burdens whether it be from the people who bought houses they couldn't afford or the people who did bankrupcy because they could start clean and run debts up again. We as a nation pay for it ALL, so why not make sure at least everyone has coverage? I know our corporate taxes wont be going up since we already pay such a high amount to healthcare. :D


And I agree that alot of people are still pissed that a Black man was elected President. Get over it already...

 

[Broken Again]

And I agree that alot of people are still pissed that a Black man was elected President. Get over it already...

Oh sure, play the race card. It always works when an opinion will not hold water.:fawkdancesmiley:

 

[Jaydog]

Oh sure, play the race card. It always works when an opinion will not hold water.:fawkdancesmiley:

That's what is going on in the media now, if you are against it you WILL be labeled as a racist, bigot, ignorant...etc.

No matter how many jobs that this bill will take away from the market, or how many insurance companies go belly up, or how we will never be able to cover the costs that where never reported, or how many business' will fold due to the added cost that they won't be able to cover, the "non-biased" media will campaign and campaign for the progressive side until everyone that knows how bad this will become, is labeled as a racist.

"Tell a lie long enough and eventually it will become the truth"

 

[chuck pierce]

That's what is going on in the media now, if you are against it you WILL be labeled as a racist, bigot, ignorant...etc.

No matter how many jobs that this bill will take away from the market, or how many insurance companies go belly up, or how we will never be able to cover the costs that where never reported, or how many business' will fold due to the added cost that they won't be able to cover, the "non-biased" media will campaign and campaign for the progressive side until everyone that knows how bad this will become, is labeled as a racist.

"Tell a lie long enough and eventually it will become the truth"

amen

 

[chuck pierce]

I'm not gonna get into whether you worked harder in construction than myeself or any other construction worker... it's impossible to know.

not really,im still doin it and takin care of myself and my family with no handouts.you make 8 bucks an hour and want me and all the other people who work hard to pay your bills.sorry i dont believe that a grown adult whos worked hard throughout their life ends up makin that low of a wage.and how can you afford to wheel on that kind of a budget?do you pay for any of your essentials,or do work the system you said you prtotect.