LogFAQs > #912735585

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Topic	what would happen if hospitals competed like other businesses
Questionmarktarius 11/20/18 11:08:51 AM #20:	Fam_Fam posted... For example, if it costs them $100 to take care of a person for a night including staff and meds, they charge, say, $150. Close. They charge $300, because insurance "negotiates" down to $120, and medicaid only pays $80 via fiat, according to numbers I just made up. When you charge a dollar, but only get payed sixty cents for some reason, you're going to charge $1.67 next time. <cite>Questionmarktarius posted [p:912735585] in what would... [t:77221079]...</cite> <quote><cite>Fam_Fam posted...</cite> <quote> For example, if it costs them $100 to take care of a person for a night including staff and meds, they charge, say, $150.</quote> Close. They charge $300, because insurance "negotiates" down to $120, and medicaid only pays $80 via fiat, according to numbers I just made up. When you charge a dollar, but only get payed sixty cents for some reason, you're going to charge $1.67 next time.</quote> ... Copied to Clipboard!
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