Quote:
Originally Posted by kknudson
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 ???
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The extreme pseudo markup appears to be ridiculous, however, it's meaningless to all who have health insurance. The amount paid to the provider is dictated by the insurance company and the "retail" price really doesn't matter.
What's totally egregious is the fact that these SOB's will charge the retail price to the people who are least capable of paying for it...........those without any health insurance. Where a hospital will accept a total payment of $10K from an insurance company, they will not negotiate the $30K bill for the exact same procedure and treatment for a an uninsured patient.
In reality, this is blatantly illegal. The hospital is obligated to charge both the insurance company and the person walking in the door the same rate. However, this use of the BS "retail price" and "negotiated discount" allows them to evade the law.
If this health care bill does anything whatsoever, it should close this absolutely abominable situation that takes advantage of all people who need serious medical care and don't have insurance. Their only option is to declare bankruptcy.............and many have done it.