The patient needed a standard set of blood tests at LabCorp. The busy receptionist obligingly spent time querying her software to figure out the cash price for the tests. She came up with a quote of $537.00. Given the quote, the patient decided to go with his insurer’s network price.
As the statement of benefits shows, the network price was $68.63, a $468.37 saving over the cash price of $537.00.
This experience provides food for thought in several dimensions: