It's not just Medicaid reimbursements, either. I have BCBS through my employer and they only paid $7,076 out of an $18,755 bill at TVRH.
At Leesburg hospital, they reimbursed a measly $1,345 on a $28,659 bill for a 4-day stay.
I have no idea why there was such a disparity in reimbursement percentages between the two hospitals, but I owed zero at TVRH and a $50 co-pay at Leesburg because I was admitted through the ER, so it's not like I'm personally making up the difference.
Who is making money? Hospitals and medical staff are getting squeezed to the breaking point. Various online articles put the profit margin for major insurance companies from around 4-8%, which is not exorbitant.
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