this post was submitted on 29 Feb 2024
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chapotraphouse

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[โ€“] Tankiedesantski@hexbear.net 51 points 8 months ago (1 children)

We, and all similar companies, "billed" about $1500 to ensure when Blue Cross paid it's rate it came out to a number we could have a margin on. The remainder was billed to the patient but this was never money we expected to collect. Ever. Patient's don't pay, just don't count on it. Eventually the bill is sold to a collection agency for less than pennies on the dollar.

You ever wonder how much of America's vaunted GDP is just this shit?

[โ€“] iridaniotter@hexbear.net 30 points 8 months ago (1 children)

20% of the economy is FIRE. The real, physical economy is about a third of the size of China's lol.