Why exactly are our medical bills so high?
Investigative journalist Steven Brill explored this in a recent, hot-button Time magazine cover story. After spending seven months analyzing hundreds of bills from hospitals, doctors, drug companies, and medical equipment manufacturers, he discovered that health care costs are largely arbitrary, inflated, and unfair. โThe healthcare market is not a market at all. Itโs a crapshoot,โ he concluded. โEveryone fares differently based on circumstances they can neither control nor predict.โ
In our own investigation last year, Readerโs Digest learned that it pays to try to get to the bottom of your medical bills, because theyโre subject to more errors and overcharges than you might think. Here, Pat Palmer, founder of Medical Billing Advocates of America, a group that helps patients handle medical bills, reveals examples of ridiculous overcharges on a patientโs itemized bill (which you usually need to ask forโand review with a fine-toothed comb).ย Learn some moreย secrets hospitals won’t tell you.
Cup medicine
Cost is for the plastic cup used to administer medicine, not the actual medicine inside it.
Charge to patient, per cup: $10, for a total of $440 during average patient stay
Asking these 16 questions could save you lots of money on medicine.
Cuff, BP Adult
Use of blood pressure cuff in a hospital costs about $20.
Charge to patient: $20
Learn some surprising secrets your health insurance company is keeping from you.
Oral administration fee
Charge for aย nurse to hand you medicine taken by mouth.
Charge to patient: $6.25 per instance, for a total of $87.50 during average patient stay
Improve your hospital stay with these tips straight from doctors and nurses.
Swabs, alcohol
Charge to patient: $23 per swab, for a total of $322 during average patient stay
Luckily, though, you don’t just have to helplessly accept these high hospital costs. Check out theseย tips to help lower your hospital costs.