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Patients Should Shop for Lower Health Care Bills

Home/Healthcare News/Patients Should Shop for Lower Health Care Bills

Patients Should Shop for Lower Health Care Bills

by Chris Tomlinson | Houston Chronicle | December 31, 2015

Patients Should Shop for Lower Health Care Bills

Sovereign Solutions Editor’s Note:

 This is a recurring theme here. You CAN shop around for healthcare, whatever your insurance situation. 

You CAN, with some effort, unveil hard to discern prices. This is, after all, as previous posts have indicated, where the greatest bang for your effort “buck” happens to be.

Healthcare shopping is where your low hanging fruit can be easily picked!

Additionally, healthcare shopping and such is becoming easier to do. And doing it can be quite beneficial to your wallet!

Even better, there are people and organizations out there that will do the leg work for you!

There are some gems in the linked article, things you can surely use to start saving money today! Take a look and TAKE ACTION!

FEATURED CONTENT

You’re going to pay more for your health care this year, through rising premiums, more co-pays, higher deductibles or balance billing, which is when your doctor bills you for what the insurance company won’t pay.
The average deductible for 80 percent of people with private insurance was $1,217 in 2015, according to the nonpartisan Kaiser Family Foundation. That’s 47 percent higher than the average deductible in 2009, and more Americans are choosing higher deductibles next year in exchange for lower premiums.

Bottom line: Health care spending will rise 4 percent in 2016.

Disturbingly, there is little correlation between what a procedure costs and how much a provider bills for it, according to researchers at Yale University. Health insurers, hospitals and doctors say they must charge whatever the market will bear to stay in business, which means also turning a profit.

If that’s the case, patients have no choice than to demand lower prices, expect fairer billing and, whenever possible, shop around for the best deal. Fortunately, that’s becoming easier to do, if you have the time to research prices and an inclination to haggle, said Dr. Patrick Neustatter, a physician of 45 years who wrote “Managing Your Doctor – The Smart Patient’s Guide to Getting Effective Affordable Healthcare.”

“There are these crazy discrepancies between the price in one place and another that don’t have any relation to what the procedure costs,” Neustatter said. “One of the big problems of the whole system is knowing the price. If you don’t know the price, you don’t know how to shop around.”

Your doctor probably doesn’t know how much a procedure will cost you, or what percentage of the bill your insurance company will pay. Many doctors tell me they leave that to the billing department and don’t want to know the cost because they only want to think about what’s best for you.

Read More

 

WHAT DO YOU THINK?

Do you have any objections, thoughts, concerns, or contributions? I REALLY WANT TO KNOW. Help me to make this a conversation!

Together we can map out better solutions and truly navigate clearer paths towards quality services, low prices, and better lives.

Oh! And as always, if you find this post useful, do me and so many others a huge favor. When it comes to this kind of information: share and share alike! Information is meant to be disseminated wide and far.

Sovereign Liberty Solutions

Your Home for Liberty Bias in News, Opinion, & Solutions
By | 2017-03-28T09:40:56-04:00 January 7th, 2016|Categories: Healthcare News|Tags: , |0 Comments

About the Author:

My name is Matthew. I am founder of and manage Sovereign Liberty Solutions. I am a proponent of free, voluntary association and expression. I understand that there is no single exception or excuse to violate this with the initiation of force, fraud, and coercion. I welcome a genuine dialogue & seek information, news, analysis, and, of course, solutions, whether it be on the individual level or a more voluntary association [group] or even "national" one.

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