The patient faced bankruptcy because she couldn't pay off the hundreds of thousands of dollars accrued from her hospital bill, including a price from the chargemaster for a single acetaminophen pill at ten times the cost for the same pill over-the-counter at a pharmacy.
Source: wiktionary
Much ink has been spilt bemoaning that incomprehensible foundation of hospital cost accounting and prices, the redoubtable chargemaster.
Source: wiktionary
The higher the chargemaster markup over cost, the greater the potential for profit.
Source: wiktionary
What a hospital is actually paid by an MCO, Medicare, or Medicaid is rarely even close to what is listed on the chargemaster. In fact, only the uninsured are subject to those charges.
Source: wiktionary
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