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111307
 
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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