My old PT had three rates, $50 for Medicaid, $100 for self pay, and $400 for the insured. The insured people were mostly covered would just pay of copay of like $40 or $60 but once they screwed up and billed me (a self payer) at the insured rate and tried ro collect that much from me and it was a WHOLE ordeal to get it fixed. What a stupid system. Clearly a bunch of money is being flushed down the toilet here.
It's intense accounting fuckery. The insurance companies then negotiate a discount off the billed rate of up to 90%. Odds are when the transaction is settled, people paying out of pocket are actually paying more.
In fact, you paying a 20% co-pay for something that the insurance company has negotiated 90% discounts for means you're actually paying more than your insurance.
I just got a bill yesterday for a total of $763. My portion was $146. My insurance paid $5.21. The rest was discounted or written off. I paid 30 times more than insurance.
Ann3Nym on July 4th, 2021 at 13:00 UTC »
In Germany, they're free and the price for one DIY is about 0.80€ now... (Rapid as in 15 minutes)
cakewalkofshame on July 4th, 2021 at 13:07 UTC »
My old PT had three rates, $50 for Medicaid, $100 for self pay, and $400 for the insured. The insured people were mostly covered would just pay of copay of like $40 or $60 but once they screwed up and billed me (a self payer) at the insured rate and tried ro collect that much from me and it was a WHOLE ordeal to get it fixed. What a stupid system. Clearly a bunch of money is being flushed down the toilet here.
Barflyerdammit on July 4th, 2021 at 13:35 UTC »
It's intense accounting fuckery. The insurance companies then negotiate a discount off the billed rate of up to 90%. Odds are when the transaction is settled, people paying out of pocket are actually paying more.
In fact, you paying a 20% co-pay for something that the insurance company has negotiated 90% discounts for means you're actually paying more than your insurance.
I just got a bill yesterday for a total of $763. My portion was $146. My insurance paid $5.21. The rest was discounted or written off. I paid 30 times more than insurance.