Not sure how many here are Medicare recipients, but I am curious how they set and/or allow costs for devices (often called durable devices).
I got a sore shoulder sling a few months ago that did little good but my copay is $25.
The sling retails for about $15, but the provider billed Medicare for $148, who did their little discount dance, came up with $125, paid them $100, leaving that $25.
The company billing me says that Medicare sets the price (for thousands) of devices and they deserve the 1000% markup.
Sounds like the old $600 AirForce hammer and $?? toilet seat .
The same thing may happen all across the med insurance world.
How to find out the actual process?