3 ms·
It's entirely possible that the hospital charged the insurance $51k and the insurance only allowed $500, of which $150 was your portion. No one knows what the
by labster 8y ago
It's entirely possible that the hospital charged the insurance $51k and the insurance only allowed $500, of which $150 was your portion. No one knows what the real cost of anything is at hospitals, and even if you do have the time to shop around, you can't. There's no way to price compare as no one will tell you the price of everything in advance, and often surgeons pick their hospital anyway.
- refurb 8y agoIf you look at your insurance paperwork it will tell you exactly what the hospital is paid and what your portion is. Not uncommon for the hospital to be paid 25-33% of the bill. Sometimes a lot less than that. One of the reasons the list price is so high is due to “usual and customary” laws. An insurance company can’t pay for than that, so hospitals set it extraordinarily high. Also, contract negotiations are based on chargemaster rate and discount. They keep cranking up the list price and insurance comes back and increases the discount.