But you do know that they are not paid the “billed amount” by the third party just like you did not pay the “billed amount”.
“But you do know that they are not paid the “billed amount” by the third party just like you did not pay the “billed amount”.”
Several years ago, when I was unemployed, I bought catastrophic care insurance. (That type of policy is illegal under Obamacare. But the Bronze plan that would have cost me $8,000 per year with no drug benefit and $10,000 required out of pocket was essentially the same as my old $1,200 total cost catastrophic care policy.) Amazingly, I actually used the catastrophic care policy. I spent 20 minutes in the operating room and never got checked into the hospital. The bill was $16,000; for a hernia repair. But since I had insurance they got an immediate $4,000 “curtesy reduction” I would not have qualified for as a self-pay. The company negotiated it down to $8,000 of which I paid $2,500. That amount, $2,500 was what I thought the whole thing should have cost. But then, we pay for all the illegal aliens who don’t even have to give their name. They would have turned it over to a collections agent if I hadn’t had insurance.