pauleckler writes,<<Medco is basically a complete fraud.>>Let's keep in mind that insurance is not about someone else pays your bills, but rather that you pay into the pool a predictable amount when you are healthy, and the pool then pays your bills when you are ill.</snip>I understand the concept of an insurance pool.My problem with Medco is that they charge my insurance company 3 or 4 times the cash price at Costco, and my co-pay is 30% on some of the prescriptions.What Medco charged the insurance company used to be secret until they were charged with a massive nationwide fraud. As part of the settlement, they now have to disclose prices to their customers.http://www.badfaithinsurance.org/reference/LMCOPBM/0016a.pdf... There's more disclosure from Medco today, but the same price gouging. That's why the cash price at Costco is often less than the co-pay with Medco.intercst
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra