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View Diary: I feel sorry for health insurance companies. Yes, I said that. Why? This Time report must be read. (228 comments)

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  •  Cash price vs insurance price (2+ / 0-)
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    james321, ladybug53

    Recently, I did some research into getting an MRI. I called a place in the Chicago area that seemed to specialize in imaging thinking they would offer a good price since this was their specialty.

    After talking with two different people I got the story. One of them could only tell me the cash price while the other could only tell me the insurance price. Why this is the case was never made clear to me.

    The cash price? $1000. The price they charge insurers? $3500. They do this because they know an insurance company likely won't pay 100% and they want to make sure they make money if the patient stiffs them. I got the person on the phone to admit that in a roundabout way except for the part about getting stiffed. I inferred that from her explanation.

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