Quick! What does your family spend more on, medical costs or groceries? Well, don’t look now, but the answer might surprise you:
The cost of medical care “now exceeds the cost of groceries” for the typical American family with health insurance coverage through their employer, a new study shows.
The 2013 Milliman Medical Index, . . . → Read More: Family Medical Costs to Exceed Cost of Groceries in 2013
And the high-deductible health insurance plan is all part of the new normal:
When Maria and Vadim Brodsky’s then 7-year-old daughter needed an MRI two years ago to examine a tumor in her head, they took her to a hospital in their health plan’s network and were dismayed to receive a $4,500 bill.
The couple . . . → Read More: High-Deductible Health Insurance: My Mama Told Me, You Better Shop Around…
Not sure if this is a list that any hospital wants to be at the top of:
When Medicare disclosed average charges from thousands of U.S. hospitals for 100 common procedures last week, only one hospital was near the top in every category: Cedars-Sinai Medical Center in Los Angeles.
Be it a cardiac stent, a . . . → Read More: Cedars-Sinai Tops Lists for Hospital Pricing
Bruce Watson has a great breakdown of some of the cost issues involved in making decisions like Angelina Jolie’s to have a preventative double mastectomy:
On Tuesday, Angelina Jolie drew headlines with her announcement that she has undergone a preventative double mastectomy. As she wrote in the pages of The New York Times, . . . → Read More: The Breast Cancer Gene Breakdown
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?
It seems like the cost of a hip replacement in L.A. could be, well, almost anything:
In the Los Angeles area, for instance, one hospital’s average price for knee and hip replacements in 2011 was as high as $223,373. That’s seven times as much as the lowest charge of $32,022 in the Southland.
The . . . → Read More: How Much Do Hip Replacements Really Cost in Los Angeles?
If you thought hospital prices have no rhyme or reason, it turns out you’re right:
What do you think of hospital prices? Tell us about it in our discussion forum!
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