Latest profile in courage from the Senate: four senators have called a press conference offering to pass the "skinny repeal" so long as the House pinkie swears or something not to make it law.
If you're only getting 50% off by paying cash you're a total fucking idiot.
At my old job our reimbursements were typically at about 30-40% of billed rate, which is what we got after dealing with all of the insurance shit. I saw times where we accepted 15% of what was billed when we paid cash, depending on the procedure. I'd say 25% is probably the average in the industry.
If you're only getting 50% off by paying cash you're a total fucking idiot.
At my old job our reimbursements were typically at about 30-40% of billed rate, which is what we got after dealing with all of the insurance shit. I saw times where we accepted 15% of what was billed when we paid cash, depending on the procedure. I'd say 25% is probably the average in the industry.
If you're actually willing to take 15-25% then charging 4-6x in the first place might be criminal. #medicalmafia
If you're only getting 50% off by paying cash you're a total fucking idiot.
At my old job our reimbursements were typically at about 30-40% of billed rate, which is what we got after dealing with all of the insurance shit. I saw times where we accepted 15% of what was billed when we paid cash, depending on the procedure. I'd say 25% is probably the average in the industry.
I went to the ER a few times in college with no insurance and they took 75% off the bill themselves. I got it down to 10% though. That's what endowment funds are for.
If you're only getting 50% off by paying cash you're a total fucking idiot.
At my old job our reimbursements were typically at about 30-40% of billed rate, which is what we got after dealing with all of the insurance shit. I saw times where we accepted 15% of what was billed when we paid cash, depending on the procedure. I'd say 25% is probably the average in the industry.
If you're actually willing to take 15-25% then charging 4-6x in the first place might be criminal. #medicalmafia
You're not wrong. There is a huge information disparity which drives much of the market inefficiency. Has anyone ever asked prices before they go to the doctor? Insurance companies negotiate different rates, so in network and out of network can be 2-3X different in reimbusements. The other part of it is all the bureaucracy involved, which to some degree would be solved by single payer, but I'm sure that would be only temporary.
I think the way to go would be to have standardized single payer catastrophic and basic preventive care, and then let private insurance be the market for everything else, but also ensure prices are listed up front prior to treatment.
Yes. So when freeloaders w/o insurance show up and demand service for which they voluntarily chose not to join and pay for, the Hospital can write off $11,000 more than covering the $2,500 actual cost.
Yes. So when freeloaders w/o insurance show up and demand service for which they voluntarily chose not to join and pay for, the Hospital can write off $11,000 more than covering the $2,500 actual cost.
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You can't make this shit up.
Don't get cocky.
At my old job our reimbursements were typically at about 30-40% of billed rate, which is what we got after dealing with all of the insurance shit. I saw times where we accepted 15% of what was billed when we paid cash, depending on the procedure. I'd say 25% is probably the average in the industry.
Deader than shit in all of 'em.
John McCain finally did something useful.
I think the way to go would be to have standardized single payer catastrophic and basic preventive care, and then let private insurance be the market for everything else, but also ensure prices are listed up front prior to treatment.
$11,800
Insurance negotiated rate $2800
Discounts from UWMC $8990
Our final bill: $10 co-pay
So the cost of service is maybe $2500 or less but the initial bill is $11,000?
But sweet @d2d graph anyway though.