Quote:
Originally Posted by MTI
The $295 is the "retail" price for the procedure code; the $95 is the rate paid when the patient is insured. Part of the savings is that the collection costs for the provider is lower and there is really no dispute over "reasonable charge" for the procedure.
In some states, workmen's comp and auto accidents also have discounted rates because insurance is also involved in the payment mechanism, which again lowers collection costs.
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By that ratio the "retail" price of a 60k MB s/b what 180k ??
It's the EXTREME psuedo markup that seems ridiculous.
So then too by that you are saying that the cost of collection, for the uninsured, is 70 % of the "retail" cost ???