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Presumably this is because the default rate amongst uninsured patients is much higher than insured patients. You might have to fight the insurer to get your $1m
by carbonatedmilk 5y ago
Presumably this is because the default rate amongst uninsured patients is much higher than insured patients. You might have to fight the insurer to get your $1m, but you know for sure they have it.
- ralph84 5y agoYep. Uninsured rates are set with the expectation that at best they'll get pennies on the dollar when they sell the debt to a collection agency.
- panny 5y agoAnd if I pay it? Charging wildly inflated prices which were not disclosed before treatment is straight up fraud.
- ralph84 5y agoThen you've subsidized all of the people who don't pay. If you ask they'll almost certainly give you a discount for immediate payment since it's still more than they'd get from the collection agency.
- panny 5y agoSo you are saying by charging more money to a customer, it makes that customer more likely to be unable to pay. It's like a self fulfilling prophecy.