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Typically they make an offer based on an estimate of what patients with in-network insurance are paying.
FORBES: Magazine Article
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The job of an underwriter is, among other things, to make as reasonable an estimate they can of what a firm is likely to be worth in the marketplace.
FORBES: The Moral of Facebook's IPO
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One of the other forecasts that the CBO had was an estimate the deficit would remain above a trillion dollars in 2012, which would make it the fourth consecutive year of being above a trillion dollars.
WHITEHOUSE: Press Briefing