Consumers usually pay less than the total cost of medical treatment because

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Consumers often have health insurance, which is provided by a third party, usually an insurance company or an employer. These insurance companies negotiate prices with healthcare providers and often cover a significant portion of the bill, meaning the consumer pays less than the total cost. Additionally, some government-funded programs like Medicare and Medicaid may cover certain medical treatments, further reducing the amount the consumers pay out of pocket.

Consumers Usually Pay Less Than the Total Cost of Medical