But how do they calculate bad debt? A hospital charges Medicare 10k for a service, and 12k to a private insurer, and 50k to the unfortunate person with no insurance or bad insurance. If that person cannot or will not pay, did the hospital really write off a debt of 50k? They certainly did lose 50k.
I am a person with bad insurance, and medical debt for half my income. I should be able to negotiate it down to a fifth or a quarter of what it presently is, if there is any justice,but I don’t know.
They certainly did NOT lose 50k in costs.