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“One reason is that government regulations have encouraged hospitals to merge and buy physician practices, which increases their leverage with insurers. Since 2010, prices charged by hospitals have increased 97%, compared to 31% for physicians, 42% for prescription
drugs, while overall inflation has been 48%, according to the Bureau of Labor Statistics."
"Medicare also pays hospitals higher rates than independent physicians for the same treatments. The federal 340B program letshospitals buy medicines at steep discounts and charge markups to private insurers."
My doctor wanted me to schedule an MRI at the hospital. I knew it would be expensive but I didn’t realize I had a choice. Then I got a text and email from Know the Costs® stating I could save almost $900 if I went to one of their places. That was welcome news! I called the number and Know the Costs® re-scheduled me. I saved a lot of money and really learned something about hospital prices!
Municipality Employee
Our HR department told us they had a new program to help us save on medical costs but I really didn’t understand what they were talking about. My daughter was supposed to have a CT scan at a hospital. Sort of out of the blue, I got a text and maybe an email too that we could save money by going to a place run by Know the Costs®. I saved about $1,100! Needless to say, my husband was happy about that!
Private Company Employee
(833) KTC-4YOU
info@knowthecosts.com
Copyright Know The Costs® 2024.
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