Re:Towns want Verizon investigated for abandoning networks t...
by refurb on Friday December 04, 2015 @12:44PM
(#10677772)
Why do two places in the same geographic area have a 3x price discrepancy?
Because determining the cost basis for medical procedures isn't all that easy. It's not hard to figure out what the MRI machine costs, but how about the physician and nurses? How about the building? They do a lot more than just MRIs at these hospitals/clinics. From what I've heard from people working in hospitals, the hospitals themselves have no idea what their procedure costs actually are.
What they do instead is charge as much as they can for each procedure and hope they turn a profit at the end of the year.
Because determining the cost basis for medical procedures isn't all that easy. It's not hard to figure out what the MRI machine costs, but how about the physician and nurses? How about the building? They do a lot more than just MRIs at these hospitals/clinics. From what I've heard from people working in hospitals, the hospitals themselves have no idea what their procedure costs actually are.
What they do instead is charge as much as they can for each procedure and hope they turn a profit at the end of the year.