Re:California's ‘Surprise’ Billing Law Is Protecting Patient...
by ericd on Saturday September 28, 2019 @04:43AM
(#21099233)
IIRC, the “forgiven” part of that “debt” is considered income by the IRS. Just as a nice cherry on that shit sundae.
Re:California's ‘Surprise’ Billing Law Is Protecting Patient...
by smsm42 on Saturday September 28, 2019 @02:59PM
(#21102193)
Not sure it applies to a disputed debt. Otherwise I could bankrupt any (non-billionaire) person by just claiming they owe me a billion dollars and then "forgive" them. And then I could get a billion-dollar tax write-off. I am pretty sure IRS is not that insane to fall for such a scheme. Though maybe with hospitals it works, it's a bizarro world there.
$25K is the sticker price that someone uninsured would see. Sure, they'll get parts "forgiven," but this markup makes patients feel ripped-off, and it almost looks like an accounting scam. I'd like to see something that the sticker price can't be more than 10% greater than the lowest negotiated price.