Tag: hospital costs

Hospital costs are driving healthcare spending according to this article.

Hospital costs are driving healthcare spending according to this article. If you live in the USA, you are no doubt affected by the healthcare premiums, deductibles and out of pocket costs associated with health insurance.   What is driving healthcare costs is often blamed on the cost of drugs, insurance carriers and hospitals. With out of network coverage going away with private insurance and with many self insured plans, healthcare providers can no longer bill highly for their services and be out of network if they want to have successful practices.  Conversely, most insurers have not given their providers a Read More »

If hospitals revealed their prices, would we become better healthcare consumers?

If hospitals revealed their prices, would we become better healthcare consumers? Donald Trump recently ordered hospitals to reveal their prices.  Will this lead to more competition and price transparency? According to the NY Times, Hospitals must reveal their charge masters or prices to the public.  Charge masters are lists of prices that are the retail costs hospitals charge their patients.  True, insurance carriers negotiate these rates down, however, unless the posted costs show what it costs for a problem to be addressed, consumers may not have a clue. An example of this would be if you needed a couple of Read More »

Stephen Brill, and the problem with healthcare costs in the USA; Why we pay too much for healthcare.

Stephen Brill, and the problem with healthcare costs in the USA; Why we pay too much for healthcare. Some of you may remember the article in Time Magazine a while ago regarding why healthcare prices are too high. If you do not remember, find it here https://www.backfixer1.com/blog/time-magazine-uncovers-the-truth-about-high-u-s-medical-costs-unbelieveable/. Stephen Brill has now released a new book uncovering the problem, and making us aware as consumers why a consumer based system cannot work in a monopolized healthcare world. According to Brill, most of us cannot ever price out procedures and such when there is little competition, and when the prices are propped Read More »