I'm surprised the company (not the insurance) had to pay that much for the babies medical bills.
I had a friend die to leukemia a year ago (she had just turned 27). 6 months prior to that, her first month in Stanford Hospital for chemo led to a bill to the insurance on the order of one million dollars.
I don't know how much the insurance billed the company (a small one without AOL's income), but they upheld it.
Tim Armstrong is the same CEO who last year fired Abel Lentz, chief creative officer of Patch, on the spot during his company-wide layout call [1]. I'm inclined to label him a Gordon Gekko-level psychopath.
Which makes this even more offensive to pass off as increased costs because of "Obamacare". They were either providing sub-par coverage before or he's lying about increased costs.
Is the actual medical care so much more expensive in the US than in Europe? I'm not talking about the insurance system or anything like that, I'm talking about the actual hospitalization cost.
My twins spent six weeks in NICU in a large hospital and then three more in a smaller regional hospital. The actual hospitalization cost for the NICU stay was about €25k each. Granted, there were no complications, but I can't imagine how even with multiple surgeries how you can add that up to a million dollars.
I had a friend die to leukemia a year ago (she had just turned 27). 6 months prior to that, her first month in Stanford Hospital for chemo led to a bill to the insurance on the order of one million dollars.
I don't know how much the insurance billed the company (a small one without AOL's income), but they upheld it.
Tim Armstrong is the same CEO who last year fired Abel Lentz, chief creative officer of Patch, on the spot during his company-wide layout call [1]. I'm inclined to label him a Gordon Gekko-level psychopath.
[1] http://www.forbes.com/sites/susanadams/2013/08/14/aols-chief...