Friday, January 31, 2014

Medical Billing


Steven Brill wrote an excellent piece in TIME last year which included some discussion of the "list prices" and real prices for various services and products. As with many issues, the problems are easier to identify than the solutions. 
http://www.uta.edu/faculty/story/2311/Misc/2013,2,26,MedicalCostsDemandAndGreed.pdf
Brill- "thousands of nonprofit institutions have morphed into high-profit, high-profile businesses that have the best of both worlds." The article pointed out that "non-profit" MD Anderson Cancer Center in Texas had an operating profit of "$531 million. That’s a profit margin of 26% on revenue of $2.05 billion, an astounding result for such a service-intensive enterprise."

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