Re:Hospitals pledge to fight admin price transparency plan i...
by AtlasBarfed on Tuesday November 19, 2019 @03:03PM
(#21577622)
Like the education system, the health care system's retail price is basically ludicrous.
This is to extract maximum situational revenue, basically get as much from the patient as they can afford.
Colleges charge 100k, but will adapt spending (as little as possible) to get students to be able to pay. They even preferentially let in richer students.
It's the ideal way for a business to make money if they can charge based on how much each individual can pay (and bankruptcy is someone-else's-problem in both healthcare and tuition)
This is to extract maximum situational revenue, basically get as much from the patient as they can afford.
Colleges charge 100k, but will adapt spending (as little as possible) to get students to be able to pay. They even preferentially let in richer students.
It's the ideal way for a business to make money if they can charge based on how much each individual can pay (and bankruptcy is someone-else's-problem in both healthcare and tuition)