Medical Debt is High for Patients, But Hospitals Still Thrive

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AHealthcareZ - Healthcare Finance Explained

Жыл бұрын

Medical Debt is High for Patients, But Hospitals Still Thrive.
The Dallas-Fort Worth Metro Area has the highest rates of medical debt in America.
Tarrant County (Fort Worth) is the highest with 27% of adults having medical debt.
Dallas County is the second highest with 23%.
The median medical debt in these two counties is $1,000.
Texas' overall high uninsured rate of 18% is a major contributor to these two counties ranking the highest.
One might think the local hospital would be suffering given the high level of uninsured patients and medical debt.
Think AGAIN!
Dallas-Fort Worth hospitals have higher operating margins ranging from 6%-12%... mostly above the national average of 6%.
Watch the video to learn why this contradiction exists.
Sources:
khn.org/news/article/medical-...
comptroller.texas.gov/economy...
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Пікірлер: 21

@alexk798 Жыл бұрын

So important an insider educate the general public. Thank you!

@ahealthcarez Жыл бұрын

Thank you for watching and for your feedback.

@JustanotherYouTuber66 Жыл бұрын

My father, in his 80s, is having to file bankruptcy due to his wife’s medical issues during Covid-19. She had blood clots in her lungs. Hospital sold debt to debt collector. They live in Nevada and this was supposed to never happen. It is insane.

@ahealthcarez Жыл бұрын

I’m so sorry. Thank you for sharing your experience.

@sassyd8738 4 ай бұрын

I have a friend who mom is having a issue and boy according to her mom they wanted to get her on a lot of things costly in the treatment area and she declined she in her 80s and decided look im going to choose god and time will tell she dont want to pay and have the burden and for the first time is when i realized hospitals getting more about help you in the hospitals for more money they say to help you but for how long for a couple of years 2 to 5 or less and back to the same issue i think people who sick now need to think about that. Give you surgery and 2 yrs later issue back for another surgery I hope people wake up its getting very noticable on high payments and more

@presterjohn1697 Жыл бұрын

Congress appropriated nearly half a trillion dollars for hospitals to use during the pandemic. Reasons cited: Shoring up revenue losses and to helping providers pay for costs related to treating covid patients. What's not discussed is that there was virtually no oversight, little accountability (nor) transparency on how these funds were to be distributed and used. I can't help but think if a fraction of that funding actually went to support American citizens. Hardworking Americans who in many cases experienced tremendous medical debt during this period compounded by rampant job loss, loss of homes and private health insurance tied to their jobs. In 2020 both parties voted to give Wall Street several trillion dollars in taxpayer funded bailouts. The largest single transfer of wealth in human history.

@ahealthcarez Жыл бұрын

Thank you for sharing your point of view. Appreciate you watching.

@Big_Boi23 Жыл бұрын

Just another example of institutionalized gains and publicized losses.

@presterjohn1697 Жыл бұрын

@@Big_Boi23 Organized theft of public funds handed over to private institutions. US politicians act as agents of the corporate sector.

@Peace-yn4fu Жыл бұрын

Greatly appreciate the topics you educate the public on. You are passionate and articulate. Thank you!

@ahealthcarez Жыл бұрын

Thank you for watching and for your feedback.

@dougwhitehead8359 Жыл бұрын

Great video Dr. Bricker. You, once again, put a topic into "layman's terms". A couple of other items jumped out at me. If I am an employer, of almost any size, why wouldn't I self-insure, and bolt-on a Centers of Excellence/SmartCare Centers program like Edison Healthcare, where fees are negotiated for high cost surgeries and care, where you would totally circumvent the Dallas-Fort Worth hospital network. We all know the high percentages of unnecessary surgeries, but after watching your video, it also makes me wonder if surgeries percentages are higher amongst the insured versus the un-insured.

@ahealthcarez Жыл бұрын

Self-funding takes more time and is more complicated to understand for an employer. That said, it is still the better way to go.

@nena8687 Жыл бұрын

Doc you are so amazing and humble. "There is more happiness in giving than receiving. " don't ever change!! And KEEP MAKING WONDERFUL VIDEOS 📹 ❤️.

@ahealthcarez Жыл бұрын

Thank you for your kind words.

@jonathanharris4628 Жыл бұрын

I may be jumping to conclusions based on your video, but I was reading between the lines and heard "hospital-doctor co-ops empower monopolies in healthcare". Great video. I wonder what the "rebuttal" would be if such a thing exists.

@ahealthcarez Жыл бұрын

That is one way to sum it up. Thank you for watching and for your comment.

@SpecialK711 Жыл бұрын

While it's sadly unfortunate that medicine has become such a money-chasing business venture at the expense of others in many respects, it's important to note that many private practice physicians have been selling out their decision-making autonomy to hospital-owned affilitiations in exchange for desperately needed help w the increasingly complex administrative aspects of their role, particularly with alternative-based reimbursement models like ACOs etc., that require Herculean lift & add'l FTE's to meet payer expectations.

@ahealthcarez Жыл бұрын

Thank you for watching and sharing your perspective.

@sassyd8738 4 ай бұрын

yep pharmacy too did you know there are pharmacies happy to see you bring a prescription in and will send you one even if you didnt call it in just to make money and keep doing it and getting away with it! what happen to patient will call for another prescription fill in it's happening....

@sassyd8738 4 ай бұрын

Did anyone see the increase once covid launched oh boy they went higher and its sad it makes you wonder do you care about my health or just your paycheck????