Pay cash for healthcare and save a fortuneBecause of the skyrocketing costs for healthcare due to Obamacare, it is now far cheaper to simply pay cash for many medical procedures, bypassing health insurance completely.
“This is one of the dirty little secrets of healthcare,” said Gerald Kominski, director of the UCLA Center for Health Policy Research. “If your insurance has a high deductible, you should always ask the cash price.”
Cash prices are intended for uninsured patients — and are frequently still much higher than insured rates. But cash prices for many common procedures have come down thanks to changing regulations and consumers increasingly being able to shop around for cheaper providers. Blood tests can be performed at CVS MinuteClinics and other pharmacies, for instance. Or as I reported a few years ago, MRIs are available from independent providers for as little as $300, whereas many hospitals will charge thousands of dollars.
The article’s main example is the case where the cost for blood tests, through insurance, was more than $80, while the cash price was only $15, and was still sufficient for the lab to make a profit.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Because of the skyrocketing costs for healthcare due to Obamacare, it is now far cheaper to simply pay cash for many medical procedures, bypassing health insurance completely.
“This is one of the dirty little secrets of healthcare,” said Gerald Kominski, director of the UCLA Center for Health Policy Research. “If your insurance has a high deductible, you should always ask the cash price.”
Cash prices are intended for uninsured patients — and are frequently still much higher than insured rates. But cash prices for many common procedures have come down thanks to changing regulations and consumers increasingly being able to shop around for cheaper providers. Blood tests can be performed at CVS MinuteClinics and other pharmacies, for instance. Or as I reported a few years ago, MRIs are available from independent providers for as little as $300, whereas many hospitals will charge thousands of dollars.
The article’s main example is the case where the cost for blood tests, through insurance, was more than $80, while the cash price was only $15, and was still sufficient for the lab to make a profit.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
From the article: “Keep in mind, however, that any cash payment will do nothing to help you reach your deductible, leaving you vulnerable in the event of a major illness.”
Vulnerable? The extra cost, in the case of the blood test, is about $15 per test (around $60 for the set of tests). A certainty of saving $200 vs. having to pay that amount anyway in the remote event of a major illness? That does not sound terribly vulnerable to me.
I expect that over the decades a person could save thousands of dollars paying cash rather than relying on the expensive insurance. And save hundreds of thousands more by not buying the expensive insurance in the first place.