Michael Last summer, I had the dubious pleasure of having my meniscus, which I tore playing soccer, surgically repaired. In Figure 2, you can see the total cost of this adventure. The hospital charged a whopping $43,696. However, our health insurance had a deal with the place, so we got a discount of $27,775.55, leaving $15,275.10, which the insurance actually paid. That means everything except for the so-called "Copay," a deductible of $645.35, was charged to me as the patient. What went on there?
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