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How Hospitals Turn Charity Care Into Profits — At Taxpayers' Expense
ByadminSometimes it is hard for hospitals to provide expensive care to poor patients. When a low-income patient needs $20,000 of chemotherapy, a hospital loses money if that patient cannot pay for the medicine, or pays through Medicaid, with its relatively stingy reimbursement. Fortunately, the federal government created a program for hospitals that care for a…
Don't Be Afraid to Team Up with Your Doctor about Healthcare Costs
ByadminHere is a fine story in the Los Angeles Times written by Lisa Zamosky about the importance of talking with your doctor about your out of pocket medical costs. Despite high medical costs topping Americans’ list of financial concerns, many of us have a hard time telling our doctors that the care they’re prescribing may…
Cancer Drugs Aren't As Cost-Effective As They Used To Be
ByadminCancer drugs have become increasingly expensive in recent years. No one blinks anymore when a new lung cancer or colon cancer treatment comes to market priced at more than $100,000 per patient. In part, we don’t blink because we have simply gotten used to such prices – the shock has worn off. Moreover, many of…
Medical Malpractice – Who's Being Sued and What Is It Costing
ByadminShutterstock A baby is born. The delivery was rocky, with the infant’s heart rate showing occasional signs of distress. Later, the parents learn that their child has cerebral palsy, and may never walk normally. Was the obstetrician to blame and, if so, should the parents sue? American medical care is burdened by a flawed and…
Everyone Agrees Obamacare Prices Have Been Rising Rapidly (But Everyone Is Wrong)
Byadmin(Photo by Joe Raedle/Getty Images) It has been well publicized that premiums for Obamacare insurance plans have been rising at a disturbing rate. Local news is filled with reports of 21.5%, 36.3% and even higher price hikes. President Trump complained in February that Obamacare premiums “have increased by double and triple digits,” even remarking that premiums in Arizona “went up 116%…
Rural Voters Elected President Trump. Is He about to Ruin Their Local Hospitals?
ByadminIt’s not an easy time to be a small, rural hospital. Insurance companies aren’t willing to pay generously for your services, given your measly market share. You are increasingly forced to compete against large integrated healthcare systems – conglomerations of urban, suburban and rural providers armed with big marketing budgets and specialized (generously reimbursed!) services….