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US Healthcare - Anatomy of a US medical bill

US Healthcare - Anatomy of a US medical bill

Are healthcare costs draining you?

Here's the anatomy of a US medical bill.

I go to my doc for a procedure. My doc takes Medicare, which I have. The cost of the procedure is $5,000 and my doc bills Medicare for that amount.

Medicare responds to my doc that for this procedure they only pay $4,000 and the remaining $1,000 must be obtained from the patient. So I owe my doc $1,000.

I can pay this in cash or I can buy "supplemental insurance" that will cover it. I decide to go the supplemental route but now I have an extra monthly premium that's way bigger than my Medicare premium.

Can you spot what's wrong with this picture?

Content written and posted by Ken Abbott
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