Deciphering your hospital bill — good luck with that

 

Source: David Lazarus - L.A. Times ( Paid Registration )

How can a hospital charge $97,000 for a procedure that Medicare and Blue Shield say is fairly valued at closer to $4,500, the total Providence received? Why aren’t all costs made clear to patients in their explanations of benefits, which insurers send policyholders ostensibly to shed light on the billing process?

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