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by falsedan
2972 days ago
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> so balance billing to that would be a net negative actually If the regulated standard treatment costs were somehow lower than the actual delivery costs, sure. But how on eath could that happen? It's in everyone's best interest for hospital administrators to be heavily involved in setting these costs, and they have no interest in losing money. |
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Regarding balance billing:
If Medicaid pays $100 for a $500 procedure, and private insurance pays $400 with the expectation of a 20% coinsurance from the patient but patient refuses to pay, who is going to pay the other $100? Is the expectation that hospitals or doctors shouldn't be compensated for services rendered? Should they work for free and go out of business?
What other business exists where it's ok for people to get something and refuse to pay the bill? Auto repair? Groceries? Legal advice? Housing construction? Land purchase? Auto fuel? Electricity?