Thursday, August 22, 2013

The Man Who Was Treated for $17,000 Less | Cato Institute

The Man Who Was Treated for $17,000 Less | Cato Institute: "The insurance policy, the clerk said, would pay up to $2,500 for the surgeon—more than enough—and up to $2,500 for the hospital’s charges for the operating room, nursing, recovery room, etc. The estimated hospital charge was $23,000. She asked him to pay roughly $20,000 upfront to cover the estimated balance."

"We contacted a different hospital and they quoted him a reasonable upfront cash price for the outpatient surgical/nursing services. He underwent his operation the very next day, with a total bill of just a little over $3,000, including doctor and hospital fees. He ended up saving $17,000 by not using insurance"

Cash price was 88% cheaper than the normal price!