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re: Big price difference between 2 medical service providers for same procedure - acceptable?
Posted on 9/20/22 at 12:30 pm to Witty_Username
Posted on 9/20/22 at 12:30 pm to Witty_Username
It also explains those stories you hear people saying…
“I called up my doctors office and asked them how much a MRI was and they said $600, I said I would pay cash and they said ok we will take $200”
Ever heard those?
It’s because the practice is telling you their standard billing… remember priced way above what the insurance will actual pay.
When you say you want to pay cash they can only charge you what Medicare will actually pay, so they look up exactly what Medicare would pay, and that’s what you owe in cash.
They didn’t just negotiate with you. You just don’t understand the language they are speaking.
“I called up my doctors office and asked them how much a MRI was and they said $600, I said I would pay cash and they said ok we will take $200”
Ever heard those?
It’s because the practice is telling you their standard billing… remember priced way above what the insurance will actual pay.
When you say you want to pay cash they can only charge you what Medicare will actually pay, so they look up exactly what Medicare would pay, and that’s what you owe in cash.
They didn’t just negotiate with you. You just don’t understand the language they are speaking.
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