Posts Tagged ‘Price transparency’

How Free Market Solutions Can Help Fix Health Care

Monday, March 27th, 2017

With so many questions being asked in congress about the country’s healthcare system, it’s easy to be confused as to where to turn. In a world where many will insist that black is white, how do we tackle the big issues that surround healthcare?

Allowing Us to Control Our Healthcare Spending

The question on how to pay for and provide healthcare is a complicated one, and there are few easy answers. But, having been in the health insurance business for over 30 years, one thing is quite apparent – as government control has increased, prices have also increased and availability has dramatically declined. read more

Health Care: Do You Know What You’re Really Paying For?

Saturday, February 28th, 2015

It’s common knowledge that the prices of health care are on the rise. Sure, you may know what to expect when you visit the doctor in terms of copayments. But do you really know what you’re paying out-of-pocket versus what your insurance is covering when it comes to lab tests, MRI’s or surgeries? The cost of an MRI on the upper back, for example, in the city of Boston, can range from $614 to $1800. This is a very wide range and what you can typically expect when you research many of the health care services you may need in the future. read more

Is Your Neighbor Paying Less for Medical Care?

Wednesday, December 10th, 2014
medical pricing

When’s the last time you went to the doctor or was scheduled for a procedure and asked how much it was going to cost? Getting a straight answer is almost impossible. But have you ever wondered why?

Each provider and facility has a set fee they charge for medical services provided. But once this charge is submitted to your insurance company, that’s when the game really begins! Providers and facilities have contracts with certain insurance companies outlining how much they’ll be paid for each service. Here’s the kicker – the “contracted rates” vary between insurance companies and can even vary within the same insurance carrier. read more

How You Can Help Drive Down Medical Costs

Thursday, September 25th, 2014
price transparency

It’s no secret that health insurance plans carry higher deductibles now than ever before. That’s why it’s up to you, the consumer, to take any possible measures to reduce your medical costs. But how do you do that?

Typically when a patient needs a test such as a CT scan or an MRI, the ordering physician takes it upon themselves to schedule the test. There are several factors that may lead a physician to choose a particular facility: read more

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