3 ms·
How do you think everyone gets it below list price? The insurance companies are paying the difference. Medicaid pays 85% of list price.
by opencl 9y ago
How do you think everyone gets it below list price? The insurance companies are paying the difference. Medicaid pays 85% of list price.
- chiefalchemist 9y agoI presume the hospitals and insurance companies negotiate "volume discounts" or similar, effective paying less (but call it whatever you want.) For example, a hospital stay. The insurance company would pay $Y and that's accepted by the hospital - no questions asked. On the other hand, you, without insurance, would pay the "list price" which isn't $Y but $Y+ $Z. This type of price "confusion" only benefits those with the resources and desire to exploit it.