05-08-2013, 06:36 PM
DeusxMac wrote:
[quote=Lemon Drop]
Newly released data about what hospitals around the country are billing for identical procedures. In some cases, hospitals in the same city have a price difference of $100K, for the same procedure.
I believe the appropriate term is, charging "what the traffic will bear."
Barron's Business Dictionary:
A policy of charging to the limit that customers will pay. Discussed in connection with products that seem to be overpriced.
but not really for hospitals, because they've never been subjected to normal market conditions regarding pricing of their services.