There's a lot of variation in how much doctors and hospitals charge for medical services. Thus, the hospital bill for a general ward patient will be very different from the bill for a patient in a deluxe room, even though the medical care provided was exactly the same. Similarly, government hospitals provide exactly the same high quality of medical treatment free of cost , while corporate hospitals charge an arm and a leg for doing the same surgical operation. Finally, doctors in the US charge ten times as much as Indian doctors do. Why is there so much variation?
And what should the "right" charge be? And how does one calculate it? This is a wicked problem, because there are so many variables involved, and there is no simple answer. One way to determine a reasonable number is to say - calculate your costs, and add then a certain profit margin to derive what your fees should be. This…
