Quote:
|
Originally Posted by motordavid
So, does that mean KMan's parent's insurer will end up only paying
~10-20$ of that whopping bill?
|
Usually that is the case. Most insurance carriers have contracts with hospitals and caps on specific costs. The amount of write offs at hospitals is astronomical when you consider the contracted fees vs the list prices. Then throw in the fact that less than 15% of the people who are uninsured pay a dime after they are billed. Why even pay $1000 if you owe $118,000?