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> They set the list price high for the same reason many sophisticated goods are set at a high price (cars, houses, enterprise software, etc.). Everything else
by chimeracoder 11y ago
> They set the list price high for the same reason many sophisticated goods are set at a high price (cars, houses, enterprise software, etc.).
Everything else in your comment is true, but this line is not. Healthcare is expensive, just like cars, houses, and enterprise software, but the reason that healthcare prices are high is very specific to healthcare (there aren't any other industries that have similar models).
- mattzito 11y agoI just meant it's yet another model where people set prices high because they want room to negotiate down. If a test was priced at $500, and insurance was willing to pay $800 for it, they've left money on the table. Far better to price it at $1500, and let insurers reimburse for $800.