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Saturday, June 21, 2014

6 Ways to Lower a Massive Medical Bill

The prospect of an outrageous medical bill is not what first comes to mind when you’re sick or hurt. Recovery is the top priority. Though many people think there’s nothing they can do about an exorbitant medical bill, that’s not the case .

It’s not simply a question of supply and demand, or fixed costs. Hospitals can and do charge whatever they want. Sure, they sometimes make deals with insurance companies to cut costs for policyholders, but even with insurance, prices vary widely between hospitals for the same service. The most expensive hospital for a particular service often charges 30 times more than the cheapest alternative.

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