Part 16: Discounts in Healthcare are Worthless
Gotta love Medicare EOBs. They tell you a lot. This ER visit had billed charges of $19,500 and Medicare allowed about $600.
An employer with a contract at 250% of Medicare would have paid about $1,500. An employer with a 70% discount would have paid about $6,000.
DISCOUNTS IN HEALTHCARE ARE WORTHLESS
