[Histonet]Hospital costs/new topic

[Geoff McAuliffe]

Hospitals don't manage "to stay open only recovering 10% of the actual 
cost of services."  That would be impossible.
They overbill to cover the costs of indigent care, improvements, etc. 
The only people who pay full price are the uninsured who have no one to 
negotiate for them.

Geoff


Jackie M O'Connor wrote:

>Anybody been a patient in a hospital recently?  I was - and NO I'm not on 
>Medicare - I have really good insurance from my husband's plan at 
>Motorola.
>I was in the hospital for 4 days - my bill was over $20K - the negotiated 
>payment was about 15% of the actual billed amount.   I don't understand 
>how hospitals are managing to stay open only recovering 10% of the actual 
>cost of services.   Seems our economy is driven by the insurance 
>companies.
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Geoff McAuliffe, Ph.D.
Neuroscience and Cell Biology
Robert Wood Johnson Medical School
675 Hoes Lane, Piscataway, NJ 08854
voice: (732)-235-4583; fax: -4029 
mcauliff <@t> umdnj.edu
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