General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSome Hospitals Marking Up Prices More Than 1,000 Percent
"RESEARCHER: WHAT OTHER INDUSTRY CAN YOU THINK OF THAT MARKS UP THEIR PRICES BY 1,000 PERCENT AND REMAINS IN BUSINESS?
The 50 hospitals in the United States with the highest markup of prices over their actual costs are charging out-of-network patients and the uninsured, as well as auto and workers compensation insurers, more than 10 times the costs allowed by Medicare, new research suggests. Its a markup of more than 1,000 percent for the same medical services."
http://www.jhsph.edu/news/news-releases/2015/some-hospitals-marking-up-prices-more-than-1000-percent.html
Looking at the list it appears most of those hospitals are located in the South
JEB
(4,748 posts)Cooley Hurd
(26,877 posts)Trading profit-for-lives should be codified as ILLEGAL.
corkhead
(6,119 posts)check the prices of envelopes and plastic washers.
Whiskeytide
(4,461 posts)... refuse to accept and file on a patient's health insurance because they were in an MVA and the other driver has liability ins.
They want to charge a higher rate for services than BC/BS pays, so they just say that it's their policy not to accept ins coverage when someone is at fault for your injuries. A letter from a lawyer usually gets them to accept the ins, but I'm sure they're getting away with it quite a bit.