5 ms·
>Are services to people on Medicaid provided at a cost and effectively subsidized by others? Basically, I don't think we would have started a clinic if we assu
by hospitalJail 3y ago
>Are services to people on Medicaid provided at a cost and effectively subsidized by others?
Basically, I don't think we would have started a clinic if we assumed 100% of patients would be paying $40/hr.
>are clinics just maximizing their profit margins by charging as much as they can since there are no incentives to decrease prices (insurance companies don't have that much interest in lowering overall costs since they can just raise the premiums).
Yes. We charge $250/hr, and the insurance company adjusts it to $125/hr. (Note for anyone in medical, yes these are called units and aren't per hour, but I simplified it for better understanding)