As health-care costs continue to soar, millions of confused consumers are paying medical bills they don’t actually owe. Typically this occurs when an insurance plan covers less than what a doctor, hospital, or lab service wants to be paid. The health-care provider demands the balance from the patient. Questions: 1. Explain why balance billing is… Read more »
Posts Tagged: insurance reimbursement
Mirror, Mirror on the Wall – Who is the Most Expensive of Them All?
It is hard to fathom but the newest British royal boy who was born in fanciest hospital ward in Britain cost $15,000. However, that is nothing compared to the average U.S. birth, where new parents are billed $30,000 and eventually pay $18,000. Questions: 1. What drives the high pregnancy health costs in the U.S. as… Read more »