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Blue Cross/Blue Shield of Massachusetts reports $57.6 million profit for the 3rd quarter

Health Insurance companies despite the downturned economy are still showing major profits and as stated below maintaining some pretty large “reserve” funds, money that basically just sits there and collects interest, which is some pretty large dollar...

Published Sat, Nov 11 2008 12:19 PM by The Medical Quack

Filed under: Medically Related, Insurance, healthcare, health insurance, Hospitals, Blue Cross, bankruptcy, Desperate Hospitals, Blue Shield, Venture Capital, Reserve Funds, Profits, Bank

Desperate Hospitals Series – 11-02-2008 Update

This is one update I do not look forward to posting, but the list and updates keep growing and coming in. We have Prime Healthcare here in California buying hospitals that would otherwise be gone, and the solutions offered by Prime are not particularly...

Published Sun, Nov 11 2008 2:30 PM by The Medical Quack

Filed under: Medically Related, Insurance, Other Items of Interest, health insurance, Hospitals, Insolvency, bankruptcy, Prime Healthcare, Desperate Hospitals, Healthcre

The battle of the medical bills where nobody but the insurers win

I don’t know of one doctor or hospital that is not writing off balances of what the insurance companies are not paying. On top of that it is one administrative nightmare, medical assistants can’t get the time in the consultation rooms with the doctors...

Published Thu, Oct 10 2008 3:26 PM by The Medical Quack

Filed under: Medically Related, Insurance, Pharma/FDA News, healthcare, health insurance, Claims, Hospitals, bankruptcy, Balance Billing, Patients, Sicko

Hospitals Demand Cash Advances to Treat Cancer

Wow, huge bills and she was able to borrow 45k but then at admitting time, the hospital wanted another 65k. This was at the MD Anderson Center in Texas. She states that she could pay for her chemotherapy if she washes out here entire retirement...

Published Wed, Oct 10 2008 7:29 PM by The Medical Quack

Filed under: Medically Related, Insurance, Hospital, health insurance, Cancer, Chemotherapy, bankruptcy, MD Anderson

Hospitals protest new California rules on patient balance billing

We still live in a risk management world, one where the Department of Managed Care is shadowed by the power of the insurance companies; laws and regulations just seem to make everyone miserable these days. No matter how you look at it, all the problems...

Published Thu, Oct 10 2008 3:33 PM by The Medical Quack

Filed under: Medically Related, Insurance, healthcare, health insurance, Hospitals, bankruptcy, Balance Billing, Department of Managed Care

Medical Bills You Shouldn't Pay - The balance billing issue is alive and well

In California we are well aware of this with the recent news with Prime Health Care being challenged on this practice as they have no contracts with the insurers and charge their published rates for out of network care, and the patient is stuck in the...

Published Fri, Aug 08 2008 1:13 PM by The Medical Quack

Filed under: Medically Related, Insurance, My Commentaries, Hospital, health insurance, Physicians, Quest Labs, bankruptcy, Balance Billing, Health Insurance Coverage, Not for Profit Hospitals, Prime Healthcare

Primary Cause of Personal Bankruptcy in America - Healthcare

Interestingly enough, while I was watching this video, my cell phone rings from Anthem Blue Cross with an automated questioning system about taking care of my health, somewhat of a parody as I was reviewing the video for the blog. I went through...

Published Tue, Aug 08 2008 12:17 PM by The Medical Quack

Filed under: Medically Related, Insurance, My Commentaries, healthcare, privacy, health insurance, Marketing, Blue Cross, bankruptcy

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