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Posts: 165
In response to
"
Answers:
"
by
howie
What is the hospital billed/discount bit
Posted by
Karl_S
Jun 28 '12, 19:23
If the hospital is going to give such a discount, why not just charge the real figure to start with
Responses:
Because if they just charged the first rate then insurance would demand half off THAT. -- nm
-
Ender
Jun 28, 19:44
1
insurance co's negotiate a pay scale, the itemized rack rates are so when the bill collectors force you into bankruptcy they can settle for half and
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zeitgeist
Jun 28, 19:58
If I'm not mistaken the bigger # is their quoted cost and the lesser # is the negotiated "Good Guy" rate the insurance has pre-negotiated.
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howie
Jun 28, 19:29
5
I'm in the wrong business, they may aswell print money with those rates -- nm
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Karl_S
Jun 28, 20:13
It's the same in pharmacy. Cash prices (especially for generics) have a rather large markup.
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Tim
Jun 28, 19:47
Plus you had that coupon. -- nm
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Cuzzin Todd
Jun 28, 19:40
2
It was part of their "Ortho-Madness" tent surgery sale (nm)
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howie
Jun 28, 19:47
Groupon ftw! -- nm
-
Tim
Jun 28, 19:45
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