Is it even possible to estimate the cost of a health procedure?
The best way to stay out of medical debt is to be able to anticipate your healthcare costs ahead of time. However, hospital prices are complicated, convoluted and inaccessible.
The best way to stay out of medical debt is to be able to anticipate your healthcare costs ahead of time. However, hospital prices are complicated, convoluted and inaccessible.
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Paying cash for hospital services allows you to take out the middleman, in this case, health insurers. By taking out the middleman, you generally pay less. Hospitals don’t like it when you pay cash because you realize how much less you can pay for the sa…
I spent weeks calling every hospital (about 400) in California looking to estimate cash prices for a for a few procedures that I needed or had in the past. Why you may ask? I had this inclination that I was massively overpaying for services that I needed…
Journalists have pushed the idea of crowdsourcing medical prices as a way to creating hospital price transparency. While their goal is admirable, the reality is that crowdsourcing medical pricing is just not very fruitful. There are just too many prices.
This is a common question that I get from family and friends. My insurance said that colonoscopy is going to cost $4000. Is this a good price? Probably not, but it’s extremely hard to know for sure.
You don’t have to be sick to get access to hospital or clinic procedures. You can pay cash for hospital services, it’s called self-pay or a self-pay patient. The rates you pay can be quite good if you call around and ask.