HEALTHGRADES OFFERS MEDICAL COST REPORTS
By Chicago Sun-Times -- September 25, 2006
For $7.95, individuals can now get
medical cost reports, enabling them to compare costs for typical
medical procedures. At www.healthgrades.com,
you can find out the average "list-prices," average
health plan payments and out of pocket costs on all expenses
related to 56 common procedures, including hospital, physician,
drug and laboratory costs. Plus, HealthGrades will also
reveal the dollar amounts that Medicare pays to reimburse both
hospitals and doctors. For example, in the Midwest having a
baby with a normal delivery procedure has an average cost of
$10,249, including physician and hospital cost. If you have
a health plan, it probably has negotiated a payment of only
$5,150, of which the patient will pay only about $940.
Uninsured patients are often charged the full price list.
Now individuals will have this information, so they can either
negotiate or make better choices when spending their own money.
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