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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: nextrade! who wrote (10813)5/27/2003 12:39:59 PM
From: Mr. SunshineRead Replies (2) of 306849
 
<<Hospitals are required to put official "list prices" on all services provided.>>

Does anyone know if this is a local or national law? Several months ago I broke a thumb while out of town. In the emergency room, they refused to give me any type of price quote, even after repeated requests. They said it was up to the individual doctors, and that it was against the law for them to quote prices as "some people may decide to forego necessary medical treatment based on price".

<<But only uninsured individuals end up paying the full bill, since big insurers routinely bargain their prices down>>

FWIW, this is a credit risk issue. The hospitals know that many of those without insurance will never pay, so they charge more for all uninsured, hoping that those who pay will make up for those who do not.
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