If you’ve ever wondered what’s at stake in staying healthy, a group of researchers in Washington can now tell you: it can be the difference between solvency and financial disaster:
Cancer patients are at much greater risk of bankruptcy than people without cancer, according to a large new study. And while the new health care . . . → Read More: Cancer Patients Much More Likely to Declare Bankruptcy, Even When Insured
Sometimes we get asked what’s the harm of going without health insurance. And honestly, some people don’t really have much of a choice because of circumstances (usually, pre-existing conditions). But for one cautionary tale by Steve Vernon of CBS Moneywatch, read on:
I can relate to this personally. I have comprehensive health insurance sponsored by . . . → Read More: How Close Are You to a Financial Catastrophe?
Nobody likes to think about the question:
A worrisome abdominal pain drove Jalal Afshar to seek treatment last year at healthcare giant Kaiser Permanente.
The Pasadena resident and Kaiser member had lived for years with a rare condition known as Castleman’s disease, which affects the lymph nodes and the body’s immune system. But this was . . . → Read More: Do HMOs Just Give Up on Patients?
Just an update on the Boston bombing victims:
Costs will be less of a problem for Boston bombing victims who lost limbs in the April 15 attacks and now hope to return to active lifestyles with help from sophisticated prostheses, an industry group announced Tuesday.
With the launch of the Coalition to Walk and . . . → Read More: Update: Boston Amputee Victims To Receive Assistance
More on what the medical bills for the Boston bombing victims
Cost of amputating a leg? At least $20,000. Cost of an artificial leg? More than $50,000 for the most high-tech models. Cost of an amputee’s rehab? Often tens of thousands of dollars more.
These are just a fraction of the medical expenses victims . . . → Read More: Medical Bills for Boston Bombing Victims Already Mounting…
… even when they provide care for others:
We’re in denial: Americans underestimate their chances of needing long-term care as they get older — and are taking few steps to get ready.
A new poll examined how people 40 and over are preparing for this difficult and often pricey reality of aging, and found two-thirds . . . → Read More: Americans Underestimate Need for Long-Term Care…
A sliver of good news for those affected by the bombings:
Patients injured in last week’s bombings near the finish line at the Boston Marathon are poised to get a little help from their health insurance companies and the hospitals that treated them.
Blue Cross Blue Shield of Massachusetts, Tufts Health Plan and Harvard Pilgrim . . . → Read More: Health Insurers, Hospitals Will Drop Some Costs for Boston Bombing Victims
If you’ve seen some of the estimates of how much the the medical bills could be for the Boston bombing victims, well, those are probably just the tip of the ice berg:
The price of a new prosthetic leg can cost anywhere from $5,000 to $50,000. But even the most expensive prosthetic limbs are . . . → Read More: The Boston Bombing Victims’ Medical Bills: Now, Next Year, Later….
If not, you may be in for sticker shock:
Many people nearing retirement don’t have a good feeling about whether they have saved enough to make it through retirement.
Add to that worries about health care costs in retirement, and those concerns are off the chart. They should be.
“I’ve seen people pay as much . . . → Read More: Are You Ready to Pay $15,000 a Month for Your Medical Expenses in Retirement?
Even though Massachusetts has far and away the lowest rate of uninsured residents, the tragedy this week has more than one example of what can happen in a medical emergency:
Jeff Bauman, who lost two legs in the Boston Marathon bombings earlier this week and helped identify the attackers, is without health insurance… and the . . . → Read More: Boston Bombing Hero Lacks Health Insurance