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Edited by M37h3w3:
3/4/2013 6:48:37 PM
6
I'm looking at the cover for the new Times magazine.
"One Acetaminophen tablet (Tylenol) costs 1.5 cents. Your hospital marks it up 10,000%."
My reaction: The -blam!-?
Why the -blam!- does hospital care cost so much? Specifically why is there such a -blam!-ing ludicrous mark up over what an item costs to make and what people are charged?
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10 RepliesEdited by Hylebos: 3/4/2013 7:54:42 PMSensational Title is Sensational. If something is marked up 10,000%, you can divide by 100 to see that it's really the same as it being 100 times more expensive. 1.5 cents * 100 = 150 cents = $1.50. That doesn't seem too terribly unreasonable right? Edit: I'm sure there's more evidence in the article that no doubt makes me look silly, so I'm willing to concede on this point.
