The Associated Press reports that three of the five hospitals treating victims from the mass shooting will waive or limit medical costs. Children’s Hospital Colorado will use donations and a charity fund to cover the expenses of uninsured victims, and waive co-pays for the insured.
1. According to the article, about how much has been donated so far for the recovery of the victims?
2. What is a co-pay? How would a medical corporation make the entry involving a co-pay?
3. Will the donations be tax deductible for donors? Discuss.
Source: CNN Video, 2012. Aurora Survivors Face Big Medical Bills, July 25. (Retrievable online at http://www.cnn.com/video/#/video/bestoftv/2012/07/26/ac-lavandera-aurora-victim-medical-bills.cnn)
Ohlheiser, A. (2012). Aurora victims have medical bills wavied. The Slatest, July 26 (Retrievable online at http://slatest.slate.com/posts/2012/07/23/james_holmes_hearing_aurora_batman_shooting_supsect_due_in_court.html)