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Excessive Medical Bills

Posted May 02 2011 5:15pm
An interesting article appeared last month in the Los Angeles Times.  The article, written by David Lazarus, sheds some light on why we need price transparency in our health care system.  His article reveals true life cases where patients were billed excessively for services – and how much these services were actually discounted.  Read the full article .

Case #1
Services:  Heart surgery (aortic valve replaced, four nights in the hospital)
Bill:  $267,000
Medicare discount:  84%
Final bill to Medicare:  $42,000

Case #2
Services:  Accident/Injury that required multiple nights in the hospital
Bill:  $115,408
Medicare discount:  greater than 87%
Final bill to Medicare:  $14,405

Case #3
Services:  Cancer surgery
Bill:  $150,000
Private health insurance discount:  77%
Final bill to private health insurer:  $34,500

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