MichMaybenot t1_j13u4x1 wrote

Which is kind of why they have to initially charge so much. If they say "this bloodwork costs $40" and the insurance contract says they're only going to pay 10% of the listed cost, the lab has to charge $400 to get the $40 they actually need.

Maybe some insurance contracts pay 30%. Maybe some pay 5%. The lab can only publish one price so they go with the one that gives them the best chance of getting what they need, based on their historic experience with how many patients use which insurance companies.

It would be FAR more helpful for this cost data to be the "cash price" for procedures.