Medicare currently reimburses hospitals for 68% of bad debts on Medicare patients, copayments, and deductibles. If your hospital had $1,200,000 in Medicare deductibles and copayments, what amount might Medicare pay for its bad debts if 12% of the total will remain uncollectable? Answer Medicare would pat 65% ($97,500)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Medicare currently reimburses hospitals for
68% of bad debts on Medicare patients,
copayments, and deductibles. If your hospital
had $1,200,000 in Medicare deductibles and
copayments, what amount might Medicare pay
for its bad debts if 12% of the total will remain
uncollectable?
Answer Medicare would pat 65% ($97,500)
Transcribed Image Text:Medicare currently reimburses hospitals for 68% of bad debts on Medicare patients, copayments, and deductibles. If your hospital had $1,200,000 in Medicare deductibles and copayments, what amount might Medicare pay for its bad debts if 12% of the total will remain uncollectable? Answer Medicare would pat 65% ($97,500)
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