EDITOR, The Tribune.
My health insurance group has just been advised by Doctors Hospital that they will be discontinuing the traditional “discounts” given to Health Insurers for treatment at DHS.
It was not so long ago that DHS was crowing about a fifty-million-dollar WINDFALL profit that they had made from Bahamas residents for COVID-19 related services.
You have to wonder if the people making such decisions live inside a silkworm’s cocoon with no knowledge of the outside world. Such as Florida and the many upscale hospitals there. And our little rinky-dink Healthcare insurers are able to obtain for their clients what I would call obscene discounts on medical services depending on the plan’s USA Healthcare alliance.
One line item on my Explanation of Benefits last year.
Provider Billed 82,598.70 Discount 69,895.65 Member Coinsurance 335.08
Provider Paid 12,369.97.
Now I have no doubt that the USA Tax System gets involved and I am sure Aetna has it all worked out, but why would anyone with Health Insurance be hospitalized here with benefits like that and nothing even remotely comparable. And then the Government wants to slip in some VAT now too.
MONKEEDOO
Nassau,
February 2, 2023
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