I just got a bill today for labwork.
CBC: $37Metabolic Panel: 46 Lipid Panel: 93 TSH: 94 Total: $270
ADJUSTMENTS: ($234.41) Meaning, the write-off that my insurance company has negotiated.
INSURANCE PAID: ($28.48) The amount (out of $270 that my insurance paid)
BALANCE Due: $7.11 -- What I owe.
Why is the original fee so outrageously out of proportion to what they got paid, which is a grand total of $35.59?! Do people without insurance pay the total? Does anyone? What is going on here?
In my job I personally run TSH's, and it costs ( just for supplies) around $10 to run. That is before considering drawing he blood, and the human work involved, not including disposal of waste, etc.
I am baffled by this. Someone is paying the difference. Who is it?