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Desc:The 500000% markup that broke the hospital CEO's back.
Category:Crime, Horror
Tags:hospital, deposition, lawyers, CEO, markup
Submitted:kamlem
Date:09/18/09
Views:1382
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Comment count is 6
Bort
So does anyone here have an answer to the question? What is the mark-up rate that the hospital should commit to? "Well not THAT much" is not an answer -- qualitatively I agree, but the CEO was being asked to commit to a specific number. It was a bad question and I don't blame the CEO for refusing to answer it.

The question gets even worse when you consider he's being asked to construct a ratio of "price charged to customer" against "cost as found somewhere on the Internet". Yeah, that's a fair thing to hold a hospital to.
endlesschris
This lawyer or whatever who keeps asking those questions is awful. Setting up numerous hypotheticals prove nothing. The simple answer is "If the means to obtain the product and implement its use were not at a reasonable preportion to the cost while allowing for profit, then yes I would be shocked. However each item would have to be weighed on its own merit, and I cannot provide a firm price markup figure that could apply to all items fairly. In the case of the item in question, I have no idea what we paid for it originally, and cannot assess the value of the markup."

Or something.
Bort
And even if the medical supplier is gouging the hospital -- which wouldn't surprise me -- how much is reliability worth? A hospital that buys bandages on eBay might be getting the best bargains, but I would bet they're also constantly running out of supplies.

God damn you, idiot lawyer guy, for making me feel like I'm shilling for the hospital. Do you know how stupid your question had to be to make me defend the hospital?

Big Beef Burritos Supreme
He's doing it for the jury, not because it's objective.

phalsebob
When two assholes rub together...
Time Travel Mishap
Yeah the guy asking questions isnt really very good at his line of work. Unless this isn't his job. Maby he was just the janitor or something and he scratched out janitor on his uniform and wrote lawyer underneath that, and it actually tricked people.Still 4 stars though because it seemed to get on this asshats nerves.


A few months back my mother was in the hospital for a little over a day. Thought she was having a heart attack, but it just turned out to be unstable angina. Medicaid was charged ,000.


If anybody is really interested later on I will dig up the statement and post the break down of the charges. It really is amazing.
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