redsamurai
Banned
Those crazy numbers are just a side-effect of how hospitals mark-up bills and charge insurance companies.
1) Hospital develops a Charge Master with crazy mark-ups.
2) Patient billed crazy charges and sent to insurer as line-item bill.
3) Insurance company say, "To hell with that, I'm only paying X (i.e. 140% of Medicare)".
4) Hospital takes payment and writes rest of bill down.
how is this normal business procedure? This interaction you just described is what goes on at every middle eastern market with the only difference being hospitals and ins co's don't barter with each other in livestock and daughters. FFS.