Yes, but they also had to add 50k of uncollectable revenue. So its not really do... | Hacker News

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		rhino369 on May 17, 2020 \| parent \| context \| favorite \| on: No One Goes There Anymore Yes, but they also had to add 50k of uncollectable revenue. So its not really doing anything for them for their taxes. It's mostly a game played between insurance provider and medical provider. They ask for 50k--knowing it the insurance is going to low ball them.

ncmncm on May 18, 2020 [–]

If they write off $39k, that counts against $39k in other income they actually get that they then don't have to pay taxes on.

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