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An Arm and a Leg

Why Health Insurance Actually Sucks (Season One, episode 6)

An Arm and a Leg

An Arm and a Leg

Documentary, Health & Fitness, Medicine, Society & Culture

4.81.1K Ratings

🗓️ 5 December 2018

⏱️ 17 minutes

🧾️ Download transcript

Summary

Turns out, insurance companies allow — even encourage — crazy price-gouging by hospitals. For example, the leg brace Blake needed was available for $150 on Amazon. But thanks to his insurance, he paid more than $500.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey there. Let's compare going to the doctor or God forbid the hospital to shopping for a gallon of milk.

0:07.0

When you're in the store to get some milk, the price it's marked on the shelf.

0:10.0

Maybe there's a couple of brands. You pick the one you want, pay on your way out.

0:13.6

Now with health care, the analogy would be you go to the store for a gallon of milk.

0:18.9

You have no idea what it costs. You don't know what it costs that that store compared to other

0:23.2

stores. You walk into a random store, pick out a gallon of milk, go through

0:27.2

checkout, you still don't know what it costs, you give them your credit card

0:30.8

information, and then a few weeks later you get a bill telling

0:34.1

you how much they charged you for it. That is super crazy. Yes.

0:39.7

That's Jenny Gold. She's an investigative reporter who writes about health care.

0:45.0

In this episode, Jenny's reporting will show us how insurance companies help keep those prices hidden.

0:51.0

Keep them high.

0:53.0

This is an arm and a leg.

0:57.0

Show about the cost of health care.

1:00.0

I'm Dan Weisman. And Weissman. Blake Valquier's knee was killing him.

1:05.0

Like he couldn't sleep at night.

1:10.0

He says he could feel his heartbeat in his femur.

1:12.0

Then he was twice its normal size. He could feel his heartbeat in his femur.

1:12.8

Then he was twice its normal size.

1:14.9

People that have had knee injuries

1:16.4

fully understand the feeling of it.

1:17.8

Everything was loose.

...

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