THE MEDICAL PRICING SCANDAL is getting real.
What I find interesting (as a Medicare 'enrollee') is the statements I get from Medicare following (usually months later) each covered procedure. As a general rule, the statement shows how much was charged, how much Medicare allowed (and paid), and how much the patient can be billed (usually 20%). The ratio of billed to allowed is typically about 10 to 1.
Guess who's paying the difference?
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