View Single Post
Old 04-27-2012, 09:30 AM   #19
Passacaglia
Coordinator
 
Join Date: Oct 2000
Location: Big Ten Country
Quote:
Originally Posted by stevew View Post
When I hear they list 39 billion as their loss, I really wonder how trumped up that number is. Reimbursement rates are like 60%? Having to serve anyone is just a cost of doing business in that industry. It doesn't cost them 2000 to administer stitches or something. It's not like that type of procedure costs more than the sunk cost of the staffing they were already paying for.

I don't think I saw that 39 billion figure, where did you see that? My guess is that "loss" could mean "claims" in that case.
Passacaglia is offline   Reply With Quote